PYMNTS.com April 14, 2023

With more than 100 million monthly users, OpenAI’s ChatGPT is the fastest-growing consumer application in history.

Now, governments around the world are attempting to keep up with the rapid pace of innovation surrounding artificial intelligence (AI) technology, as a growing suite of headline-grabbing and efficiency-driving next-generation tools increasingly rely upon its intelligent models for their technical foundation.

Senate Majority Leader Chuck Schumer Thursday (April 13) unveiled a new framework of rules designed to chart a path for the United States to regulate and shape the emergent AI industry.

“Today, I’m launching a major new first-of-its-kind effort on AI and American innovation leadership,” Schumer tweeted Thursday.

As is common with era-defining tech innovations, the speed-to-market of AI products and their impact...

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Topics: AI (Artificial Intelligence), Congress / White House, Govt Agencies, Regulations, Technology
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