Does the U.S. need new laws to prevent the worst-case scenarios for AI?

is currently considering a sweeping set of reforms that would create strict transparency rules for “high-risk” AI models and ban certain uses, like real-time facial recognition and so-called predictive policing.Despite AI regulations being the rare issue where many Democrats, Republicans and industry leaders are in agreement, there’s a lot of debate over whether Congress can craft the kind of legislation that would help avoid the worst outcomes without stifling the technology altogether.

Some skeptics, though they support the concept of AI regulation, argue that the notoriously tech-illiterate members of Congress simply don’t have the knowledge to craft rules that would make much of a difference. Others say AI is developing at such a breakneck speed that even a well-designed new law would be woefully out of date by the time it went into effect.

“In everything from banking to Uber, we have seen industry incumbents lobby for more regulations because they know these barriers to entry will block their competitors and, as established entities, they can weather them more easily. It’s a crony-capitalist way of pulling up the ladder behind you to ensure long-term profits by using the government to block your would-be competitors.

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