... The Center for AI and Digital Policy (CAIDP), whose president is among the signatories of the open letter, has also filed a complaint with the FTC asking it to investigate OpenAI and halt its development of large language models (LLMs) for commercial purposes.
Even the normally pro-business U.S. Chamber of Commerce publishing a report last month that called for AI regulation, saying that, “failure to regulate AI will harm the economy, potentially diminish individual rights, and constrain the development and introduction of beneficial technologies.”
Complicating matters is that many of the tech giants leading the race for AI applications, including Microsoft, Amazon and Google, have all made cuts to their “responsible AI” teams as part of broader headcount reductions.
Somewhat ironically, the Big Tech companies scaling down employee headcount are commonly using the freed up cash to invest in bigger data centers and more processing power to support their AI initiatives.
See the full story here: https://www.pymnts.com/artificial-intelligence-2/2023/generative-ai-tools-center-of-new-regulation-innovation-tug-of-war/