For some experts, the tone of the hearing and Altman's other engagements on the Hill raised alarm.
"Honestly, it's disheartening to see Congress let these CEOs pave the way for carte blanche, whatever they want, the terms that are most favorable to them," Noble said.At Tuesday's Senate hearing, lawmakers made comparisons to the social media era, noting their surprise that industry executives showed up asking for regulation. But experts who spoke with CNBC said industry calls for regulation are nothing new and often serve an industry's own interests.
Experts cautioned that the kinds of regulation Altman suggested, like an agency to oversee AI, could actually stall regulation and entrench incumbents. "One of the concerns that is coming from smaller companies generally is whether regulation would be something that is so cumbersome that only the big companies are really able to deal with [it], and then smaller companies end up having a lot of burdens," Dotan said.
For example, when asked about the likelihood that AI will displace jobs, Altman said that eventually it will create more quality jobs. While Dotan said she agreed with that assessment, she wished lawmakers had asked Altman for more potential solutions to help displaced workers find a living or gain skills training in the meantime, before new job opportunities become more widely available.has when it comes to displacement," Dotan said.
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