Premium Invest Hub
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
Popular Topics
  • Occupied West Bank rocked by day of violence as gunmen kill three Israeli settlers and reprisal attacks reported
  • Azerbaijan’s leader accuses Russia of passenger jet crash ‘cover up’ in blistering new attack on neighbor
  • Spanish woman killed by elephant in Thailand while bathing animal, police say
  • US adds Chinese tech giants to list of companies allegedly working with China’s military
  • Bad news for homebuyers in the Northeast and Midwest

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Premium Invest Hub
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Latest News

    House AI task force chair signals push for legislative measures as election nears

    • March 4, 2024

    Congress might consider new legislation on artificial intelligence and its effect on elections this year, according to the chair of the House of Representatives’ new AI task force.

    ‘I do hope that we’re going to be able to get started on actually creating and passing some legislation. I think that we’re fortunate that there are some things that are very pressing on AI, but there’s other things that relate to medium-term and long-term threats that don’t need to be acted on immediately,’ Rep. Jay Obernolte, R-Calif., told Fox News Digital in an interview.

    ‘But those short-term threats, I think we can mitigate those this year and I’m hopeful that the task force – we’ll be able to get that done.’

    Asked to elaborate on short-term legislative goals, Obernolte said, ‘We have an election coming up – the use of AI to spread myths and disparate information about candidates, I think, is something we should all be able to agree is not only a bad thing for society, but something that could be a threat to people’s trust in our democracy.’

    Bills related to combating AI-generated disinformation have been introduced in this Congress amid a flurry of other legislative proposals, as lawmakers race to get ahead of the rapidly emerging technology. But so far, no measures have garnered significant traction.

    Obernolte, who made his career as a video game developer before being elected to Congress, called himself an ‘AI optimist.’

    He said it has the power to improve Americans’ everyday lives, like leading to lower grocery and gas prices.

    ‘Any time that you enhance the productivity of our economy, the natural consequences are that things become less expensive to produce, and that creates a rising wave of prosperity that lifts all the boats. So that’s one of the reasons why AI could be a tremendous force for good,’ Obernolte explained.

    The California Republican added that AI development comes with ‘substantial risks,’ including more sophisticated cybercrime efforts, like AI being ‘used by nefarious actors to spread myths and disinformation’ and ‘to pierce through digital data privacy’ to steal people’s information.

    ‘We say that bad people are going to be bad, and they’re going to be bad more effectively with AI, so AI can be used to enhance the ability of cybercriminals to conduct cyber fraud,’ he said.

    The task force came together by way of a bipartisan initiative announced last month by Speaker Mike Johnson, R-La., and House Minority Leader Hakeem Jeffries, D-N.Y. It’s co-chaired by Obernolte’s fellow Californian, Rep. Ted Lieu, a Democrat. 

    Obernolte said the main focus of his task force would be creating a comprehensive report with recommendations on the next steps in terms of Congress’ role in AI. However, he stressed that legislation should be the end goal to provide long-term stability to the new industry.

    ‘It does no one any good if we just talk about it, or if we have just have meetings, or if we just create reports. We need to actually pass things, and whatever we pass, I think the number one goal is it has to be durable,’ he said.

    ‘These companies are making investments of currently hundreds of millions of dollars to train these large language models. And in the future, that price is going to go up exponentially. So, no one is going to make that kind of capital investment if they don’t have some durability, if they don’t have some assurance that the rules aren’t going to change every time the winds of political power shift.’


    This post appeared first on FOX NEWS
    Related Topics
    • Featured

    Previous Article
    • Latest News

    AG Garland pledges to fight voter ID laws, election integrity measures

    • March 4, 2024
    View Post
    Next Article
    • Investing

    DogWifHat Price Prediction as WIF Surpasses $1 Milestone – $10 Next Target?

    • March 4, 2024
    View Post

      Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


      By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

      Popular Topics
      • Occupied West Bank rocked by day of violence as gunmen kill three Israeli settlers and reprisal attacks reported
      • Azerbaijan’s leader accuses Russia of passenger jet crash ‘cover up’ in blistering new attack on neighbor
      • Spanish woman killed by elephant in Thailand while bathing animal, police say
      • US adds Chinese tech giants to list of companies allegedly working with China’s military
      • Bad news for homebuyers in the Northeast and Midwest
      Copyright © 2025 premiuminvesthub.com | All Rights Reserved
      • About us
      • Contact us
      • Privacy Policy
      • Terms & Conditions

      Input your search keywords and press Enter.