Lawmakers in Congress have held hearings regarding Artificial Intelligence (AI), leading some officials to consider regulating these systems due to potential risks. Recently, Rep. Beyer, a Democrat from Virginia, introduced the AI Foundation Model Transparency Act, focusing on the advancement of artificial intelligence. Lindsey Mastis, a reporter from 7News On Your Side, has examined the proposal and its implications for AI.
The proposed act may empower the Federal Trade Commission to establish reporting standards in collaboration with other governmental entities. This could compel companies to reveal information about the data used, methodologies applied, and training procedures for their AI models. The fundamental concept is that increased transparency could improve public understanding of the accuracy of information disseminated by AI systems.
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Current concerns center around issues like bias related to race and gender. Additionally, AI applications could affect areas such as healthcare data management, the inadvertent identification of suspects in law enforcement contexts, and decision-making processes concerning loan approvals.
Moreover, these actions might help safeguard individuals’ intellectual property. For example, the parent companies of ChatGPT, specifically Microsoft and OpenAI, are currently facing legal challenges from the New York Times over alleged violations of copyright.
