| What happened: U.S. Senate Majority Leader Chuck Schumer is leading a congressional charge to regulate AI as the industry booms. Schumer, D-N.Y., has circulated a framework for future AI regulations, which he said would help avert "potentially catastrophic damage to our country while simultaneously making sure the U.S. advances and leads in this transformative technology." Details: The proposal would require companies to allow independent experts to evaluate and test out AI technologies before they're released publicly. It reportedly involves four guardrails to ensure "responsible AI," which include identifying who trained the algorithm, the AI's data source, an explanation for its outputs, and its ethical boundaries. Why it matters: U.S. lawmakers have yet to pass any comprehensive regulations covering generalized AI. While the U.S. leads the world in the number of approved AI bills, only 10% of all U.S. federal AI bills were passed into law in 2022, up from 2% in 2021, according to the Stanford Institute for Human-Centered Artificial Intelligence's 2023 AI Index Report. What's next: Schumer's plan stands out as a possible first step toward overarching rules that could tackle growing concerns about generative AI. But there is no legislation drafted yet, and Schumer's proposal would still require approval from Congress and the White House.
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