By The Financial District

Sep 15, 20231 min

Tech Executives Assist Lawmakers In Crafting AI Regulations

Tech leaders, including Meta CEO Mark Zuckerberg, Tesla CEO Elon Musk, and former Microsoft CEO Bill Gates, have begun convening with US lawmakers for a closed-door AI forum following calls from legislators for stricter AI regulations, Danielle Chemtob reported for Forbes Daily.

The sessions are hosted by Senate Majority Leader Chuck Schumer, who has vowed to craft comprehensive guardrails regulating the AI sector in what he described as an unprecedented congressional effort. I Photo: Senator Chuck Schumer Facebook

During the first-ever bipartisan AI Insight Forum, Zuckerberg and Gates proposed comprehensive regulatory frameworks for AI and emphasized the existential risks associated with uncontrolled advancements in this rapidly growing technology.

Musk, as he left the summit, stated to reporters that AI poses a "civilizational risk" and added that there is a low—but not zero—probability that "AI will pose a threat to humanity."

Musk's AI efforts were surpassed by a company supported by Gates, who had previously bet against Tesla shares. The nine-session forum is spearheaded by a bipartisan committee.

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