AI is being touted as the next big thing in technology, but it has disruptive potential in the regulatory area as well as commercially. Several US agencies are beginning to pull back the covers on AI as they try to determine what harms it could pose to the country and consumers.
Why It Matters
AI service ChatGPT has already been banned in Italy because of privacy and misinformation concerns. AI uses vast amounts of data to "learn," which is how the intelligence part of "artificial intelligence" works. This means inevitably pulling in incorrect data and/or absorbing personal data. As privacy laws proliferate and consumers thus gain more control over their own information, AI's impact on privacy grows. Regulators are likely to struggle to keep up as AI infiltrates commerce.