US Congress holds hearing on risks, regulation of AI: "Humanity has taken a back seat"

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Sam Altman, the CEO of OpenAI, was among three others who testified at a U.S. Senate hearing on Tuesday intended "to write the rules" of artificial intelligence in the era of rapid-evolving technology like ChatGPT.

In his first appearance before a congressional panel, Altman advocated for licensing or registration requirements for AI with certain capabilities, saying that the frontier technology would impact jobs.

"I think it will require a partnership between the industry and government, but mostly action by the government to figure out how we want to mitigate that. But I'm very optimistic about how great the jobs of the future will be,'' Altman said.

New York University Professor Gary Marcus also told the Senate panel that ''humanity has taken a back seat" as AI is moving incredibly fast with lots of potential, but also lots of risks. He called it a 'perfect storm' of "corporate irresponsibility, widespread deployment, lack of adequate regulation and inherent unreliability."

During opening remarks, IBM Chief Privacy & Trust Officer Christina Montgomery, said the systems 'were within our control' today.

''The era of AI cannot be another era of move fast and break things, but we don't have to slam the brakes on innovation either. These systems are within our control today, as are the solutions. What we need at this pivotal moment is clear, reasonable policy and sound guardrails,'' she said.

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