Why AI Should Be Regulated
Sat, April 10, 2021

Why AI Should Be Regulated

The Organization for Economic Co-operation and Development's “Recommendations of the Council on Artificial Intelligence” believes that AI should respect the rule of law, human rights, democratic values, and diversity / Credits: Fit Ztudio via Shutterstock

 

While artificial intelligence should be credited for the success of industries and businesses, its negative impacts should also be recognized. But AI should not be blamed alone; the companies that are using it for their own benefit should be looked at as well. Several issues show how tech companies are failing to use AI for good. For instance, Facebook was fined $5 billion for deceiving users about their privacy on the site, while Google received a $57 million fine for privacy breaches.

Last 2019, the Organization for Economic Co-operation and Development released the “Recommendations of the Council on Artificial Intelligence” which aims to help foster a global policy ecosystem that leverages the evolving technology’s benefits. This global framework, which is participated in by 42 countries, was designed to address the fact that no country has formal governance and regulation in place. It believes that AI should not only benefit our society but also respect the rule of law, human rights, democratic values, and diversity. 

The framework was created after several issues were raised about how biased algorithms are, enforcing prejudice not only in AI systems but also the people using them. Thus, we need regulation at the federal level to keep AI moving forward as well as to monitor the tech companies that are using the technology. 

According to Forbes, a global media company focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle, the AI Now Institute stated that governments need to “oversee, audit and monitor” AI, with an emphasis on laws, oversight, and transparency. This should focus on seeing AI through the lens of existing human rights, data security, and privacy frameworks.

While this recommendation could change how tech companies handle AI, this would help bring ethics back into the conversation. Experts also recommended establishing an independent, nonpartisan, stand-alone AI ethics and privacy agency, funded by a separate tax on tech companies.