Though the Act goals to reinforce accountability and security in AI improvement, Ram identified that it could inadvertently stifle innovation, notably in areas akin to AI mannequin coaching and mental property administration.
“As firms grapple with compliance prices and potential authorized liabilities, the problem can be to foster an surroundings the place innovation can thrive with out compromising moral requirements,” Ram added.
Srinivasamurthy is optimistic, suggesting that “any new know-how that’s disruptive will undergo this part of determining how a lot regulation is nice and the way a lot just isn’t.” Together with main tech firms within the working teams could also be essential for balancing regulation and innovation. Representatives from main companies like Google and Microsoft will be a part of the teams, alongside nonprofit organizations and educational consultants, in line with Reuters.
