In US, regulating AI is in its 'early days'

economictimes.indiatimes.com:

AI safety commitments by seven technology companies Friday. But a closer look at the activity raises questions about how meaningful the actions are in setting policies around the rapidly evolving technology. The answer is that it is not very meaningful yet.

The United States is only at the beginning of what will likely be a long and difficult path toward the creation of AI rules, lawmakers and policy experts said. While there have been hearings, meetings with top tech executives at the White House and speeches to introduce AI bills, it is too soon to predict even the roughest sketches of regulations to protect consumers and contain the risks that the technology poses to jobs, the spread of disinformation and security. «This is still early days, and no one knows what a law will look like yet,» said Chris Lewis, president of the consumer group Public Knowledge, which has called for the creation of an independent agency to regulate AI and other tech companies.

The United States remains far behind Europe, where lawmakers are preparing to enact an AI law later this year that would put new restrictions on what are seen as the technology's riskiest uses. In contrast, there remains a lot of disagreement in the United States on the best way to handle a technology that many U.S. lawmakers are still trying to understand.

That suits many of the tech companies, policy experts said. While some of the companies have said they welcome rules around AI, they have also argued against tough regulations akin to those being created in Europe. Here's a rundown on the state of AI regulations in the United States.At the White House The Biden administration has been on a fast-track listening tour with AI companies, academics and civil society