PYMNTS.com June 10, 2025
The chief security officer for Amazon and AWS, Steve Schmidt, told Bloomberg News Tuesday (June 10) that government involvement in artificial intelligence (AI) could limit the scope of the company’s work in that field.
“The tension with regulation of any kind is that it tends to retard progress,” Schmidt said, per the report. “So the way we tend to focus on standards is to let the industry figure out what the right standards are, and that will be driven by our customers.”
Schmidt’s comments came at a time when the parliamentarian of the U.S. Senate is set to consider whether a provision forbidding states from enforcing new AI rules can remain in President Donald Trump’s tax package, according to...
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