Proposed Federal AI Oversight Plan Faces Hurdles, Experts Say

PYMNTS.com April 18, 2024

Sen. Mitt Romney’s call for enhanced federal oversight of artificial intelligence (AI) faces hurdles, according to experts, who say the technology’s rapid advancement and wide-ranging applications pose significant challenges to effective regulation.

Many observers agree that AI can pose risks, but they also point out how hard it is to decide which AI systems need strict monitoring. They stress the importance of finding a balance between encouraging new technological developments and keeping those risks in check.

“The evidence is clear — existing safeguards for widely available LLMs [large language models] can be easily bypassed,” Daniel Christman, co-founder of the AI cybersecurity firm Cranium, told PYMNTS. “Red teams and malicious actors have repeatedly exploited vulnerabilities to create and spread threats...

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