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Regulating the Rise of Artificial Intelligence: A Balancing Act

Summary

Artificial Intelligence (AI) has become an integral part of our lives, from mobile applications to facial recognition software and advanced chatbots like ChatGPT. As interest and availability of AI continue to grow, the Oklahoma legislature is grappling with the challenge […]

Regulating the Rise of Artificial Intelligence: A Balancing Act

Artificial Intelligence (AI) has become an integral part of our lives, from mobile applications to facial recognition software and advanced chatbots like ChatGPT. As interest and availability of AI continue to grow, the Oklahoma legislature is grappling with the challenge of regulating this burgeoning industry. Concerns have been raised that unchecked AI development could lead to loss of control, widespread unemployment, and exacerbation of racial biases.

While Congress is considering nationwide regulations, some states have taken the initiative to impose restrictions on AI use. However, efforts to regulate AI in Oklahoma have faced considerable opposition, leaving lawmakers concerned about falling behind. The complexity of the issue and resistance from technology industry lobbyists, who oppose government interference in this booming sector, have complicated previous regulatory attempts.

Recently, two separate studies were conducted by state legislators in Oklahoma to explore the benefits and drawbacks of AI, as well as what aspects require regulation and where to start. Out of a total of 11 proposed AI-related bills, only one has been enacted. Several other bills are currently being reviewed in committees and sessions, indicating the state’s efforts to catch up with the rest of the country in regulating this technology.

In a proactive move, Governor Kevin Stitt established an AI task force in September to investigate the possibilities and safety risks associated with this technology. The group is expected to submit its report by December 31st, shedding light on potential recommendations for effective regulation.

Although some other bills were briefly examined, it appears that there is resistance both within the industry and regulatory bodies. Some lawmakers emphasize the need for protection against malicious actors but question where exactly the line should be drawn between a free market and regulation.

Concerns about revenue loss have been expressed by prominent tech company owners who fear the potential financial impact of stricter regulations.

It’s worth noting that other states have also taken measures to regulate the use of AI in various industries. In 2022, Alabama passed a law prohibiting the use of facial recognition technology as the sole basis for arrest and search warrants. Meanwhile, New York City implemented a law requiring employers who use AI-powered hiring software to undergo independent audits of the tool’s functionality.

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