Should The Federal Government Regulate Artificial Intelligence?

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Should The Federal Government Regulate Artificial Intelligence?

The article discusses the debate on whether the federal government should regulate artificial intelligence (AI). It highlights the actions taken by the Biden Administration in issuing an Executive Order on AI and the European Union's adoption of a comprehensive AI act. The article questions if the U.S. should follow Europe's lead in regulating AI to prevent misconduct.

It argues against immediate regulation, citing existing laws that already address potential AI abuses. The article emphasizes that regulation could stifle innovation and economic growth, as seen in past instances of overregulation. Drawing parallels to the internet's success due to minimal regulation, it warns against hindering AI's potential benefits through premature regulatory measures.

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