Why IBM's CEO says don't regulate AI technology [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Brian Sozzi and Akiko Fujita at the Milken Global Institute Conference to discuss the company's performance, its investments in AI, and how the rest of the world views AI. Krishna speaks on AI regulation in the US: "I'm not concerned about the US falling behind. What I'm concerned about is that regulators should not regulate the technology. What regulators should regulate is the risk of the use cases. Can you imagine sitting back in 1995, let's regulate the internet, so lets regulate dial-up modems. How useful would that have been to today?" He continues with: "Don't regulate the technology. All you will do is it will go offshore, these are digital technologies, but regulate the use case, so we are sure it's being used responsibly. One that I also talk about, is make people who develop models accountable for what the models can do. I think those are tools that are classic policy tools and can be wonderfully applied." For more expert insight and the latest market action, click he
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