Congress Wants To Regulate Artificial Intelligence — And It's Using A Bill Written By ChatGPT

What happened: U.S. and EU regulators have increasingly opened up to the possibility of regulating artificial intelligence (AI). AI poses an interesting challenge as regulators look to define what it is and the reasonable balance between regulation and the progression of the technology.


To stay updated with top startup investments, sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter

One legislator, U.S. Rep. Ted Lieu, D-California, recently introduced a bill to regulate AI that was written entirely by AI. The bill, about a page in length, calls for Congress to focus on AI “in order to ensure that the development and deployment of AI is done in a way that is safe, ethical and respects the rights and privacy of all Americans and that the benefits of AI are widely distributed and the risks are minimized.” 

Like the majority of bills, it’s almost certainly not going to survive in its current form, but it is a creative way to highlight both the risks and benefits associated with AI. It allowed a representative to write a bill in a matter of seconds, which replaced the job of a lawyer or legislator who could have drafted the bill.

This balance, as well as the potential for abuse, highlights many of the pros and cons in the industry and the reason behind the current regulatory push. 

 See more on startup investing from Benzinga.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.