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TechCheck

AI Faces Congress 5/16/23

TechCheck

CNBC

Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.566 Ratings

🗓️ 16 May 2023

⏱️ 4 minutes

🧾️ Download transcript

Summary

OpenAI CEO Sam Altman’s debut on Capitol Hill seemed more collaborative than combative, unlike tech hearings we’ve seen over the past. He agreed with lawmakers in calling for more AI oversight, saying that safe development of the technology requires companies to do good, regulatory intervention from the government, and public education.

Transcript

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0:00.0

Open AI CEO Sam Altman calling for AI regulation in his testimony before the Senate today.

0:07.5

Deirdre Bosa is monitoring that.

0:09.3

Pidey.

0:10.3

Hey Carl, so throughout the hearing so far,

0:12.1

generative AI has been compared to the first

0:15.1

cell phone the creation of the internet the industrial revolution the printing press

0:19.9

and the atomic bomb so that kind of gives you an idea of the stakes here.

0:23.6

The tone itself is vastly different

0:25.9

from previous tech hearings around social media

0:27.7

and big tech, which have been far more combative.

0:30.6

This feels more collaborative.

0:32.1

Lawmakers and Sam Altman, they seem to be on the same page.

0:35.0

Regulation and guardrails are needed.

0:37.0

Altman says that the safe development of generative AI

0:40.0

will require a combination of companies doing the right thing, that's self-regulation,

0:44.6

regulation by the government, and public education.

0:48.4

He made a comparison to Photoshop saying that when it came on the scene people were

0:52.0

fooled but over time they figured out

0:53.8

what was fake and what was real he says that generative AI will be like that but

0:58.2

on steroids there's also been a lot of discussion on AI's impact on jobs.

1:03.2

Senator Blumenthal, he called the elimination of jobs by AI,

1:06.0

his quote, biggest nightmare,

...

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