#WhiteHouse Encourages Hands-off Approach To #AI #Regulation; #BigTech #Privacy

New York (The Verge) — White House encourages hands-off approach to AI regulation trib.al/fJynlAS.

The Office of Science and Technology Policy (OSTP) unveiled 10 principles federal agencies should consider when devising AI regulation. At a time when many experts are worried about the harmful effects of unchecked development of AI, the US government is advocating a hands-off approach for private sector regulation.

The White House today unveiled 10 principles that federal agencies should consider when devising laws and rules for the use of artificial intelligence in the private sector, but stressed that a key concern was limiting regulatory “overreach.”

The public will have 90 days to submit feedback on the plans, reports Wired, after which federal agencies will have 180 days to work out how to implement the principles.

Any regulation devised by agencies should aim to encourage qualities like “fairness, non-discrimination, openness, transparency, safety, and security,” says the Office of Science and Technology Policy (OSTP). But the introduction of any new rules should also be preceded by “risk assessment and cost-benefit analyses,” and must incorporate “scientific evidence and feedback from the American public.” James Vincent/@verge

Source: verge, full story


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