He says that because AI is “developing too swiftly,” regulation of it will be difficult.
Because the capabilities of artificial intelligence are expanding at such a rapid rate, it would appear that the United States should allocate a significant amount of money to its research. However, this does not appear to transfer into a very obvious action, which is regulation. A legislative strategy for artificial intelligence has been announced by a group of four senators from both liberal and conservative parties, led by the majority leader Chuck Schumer. The plan involves allocating $32 billion to research and development. On the other hand, it delegated to Senate committees the obligation of formulating regulatory measures concerning issues such as the elimination of jobs, discrimination, and the infringement of copyright.
In an interview that was published by The New York Times, Schumer stated that creating rules is extremely challenging due to the rapid pace at which artificial intelligence is evolving. Nevertheless, in March, the European Parliament passed a comprehensive piece of legislation for the regulation of artificial intelligence (AI) that effectively regulates the obligations of AI applications based on the potential hazards and impacts that they could bring about. The European Union stated that it is committed to “protect fundamental rights, democracy, the rule of law and environmental sustainability from high-risk AI, while boosting innovation and establishing Europe as a leader in the field.”
As an alternative, Schumer stated in the interview that investing in artificial intelligence research and development “is sort of the American way — we are more entrepreneurial.” This suggests that Schumer does not agree with the idea of striking a balance between them.
For absolutely no reason at all and obviously not to speculate on the reasons he dodged regulations, if you were unaware, one of Schumer’s daughters works as a senior policy manager for Amazon, while the other one has worked for Meta (it is unclear if she currently does). Both of these women have worked for Amazon. Additionally, in May of 2022, the New York Post revealed that more than eighty of Schumer’s former employees were currently employed by large technology companies such as Apple and Google with positions of employment.