September 30, 2024

Do we need to regulate AI? Is AI a big deal or is it all just hype? IBM weighs in

In this article:

Investment in AI: IBM advocates for continued investment in AI but believes it should be steered in a new direction to avoid stifling innovation.
Caution on Overregulation: IBM is concerned that overregulation of AI technology itself could hinder progress in the field.
Regulate Risks, Not Technology: Braim suggests that regulators should focus on managing the risks posed by AI in specific industries, such as banking, rather than regulating the technology or algorithms themselves.
No Need for AI-Specific Regulators: IBM does not support the creation of national regulator, for example in the Phillipines, or global AI-specific regulators, as industries already have existing regulatory bodies that can address the impacts of AI.

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