Monday, 24 July, 2023
Tech Companies Reject Further AI Regulations, Call for Statutory Body
Leading technology companies have voiced their resistance to additional regulations on AI development, proposing the creation of a statutory body to oversee AI-related matters instead. The industry players argue that more laws could stifle innovation and hinder progress in the AI sector. They advocate for a collaborative approach with a regulatory body that can strike a balance between fostering AI advancements and ensuring responsible use of the technology.