As AI Faces Deregulation in the U.S., Users Need to Stay Vigilant

A House bill could put a 10 year ban on U.S. state-level regulations of AI. This episode of Accelerated Velocity dives into the implications of AI deregulation for both individuals and businesses. With AI being used to power more and more processes–including making critical, potentially life-altering decisions–accountability is key. Whether or not states maintain the authority to pass regulatory legislation on AI, this is a crucial reminder of the need for businesses to practice decisive and transparent AI practices. From personal steps to maintain data privacy to customer-facing AI policies, we unpack it all. 

Key Takeaways: 

  • An upcoming House bill could limit state-level AI regulations for 10 years.
  • As AI takes over decision-making responsibilities, users need to stay informed on when and where AI might be used.
  • Businesses should uphold transparency and accountability when using AI. 
  • A push and pull: Peter suggests that AI advancement and thoughtful regulation does not need to be mutually exclusive. As AI innovators push ahead, ethical and regulatory planning can complement and even promote sustainable AI development. 

Chapters: 

00:00 – Intro 

03:05 – Understanding U.S. AI legislation & deregulation

04:24 – What happens when AI makes critical life decisions

06:15 – How deregulation could affect transparency and employment

08:00 – The industries (and individuals) that need to be paying attention

09:51 – Data privacy, user control, and trusting AI platforms

10:33 – Memory layers, personal AI agents, and where we draw the line

12:18 – Social media as a cautionary tale 

14:31 – Outro

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Sources: 

“House Republicans include a 10-year ban on US states regulating AI in ‘big, beautiful’ bill” by Matt Brown and Matt O’Brien for AP News

“Sam Altman’s goal for ChatGPT to remember ‘your whole life’ is both exciting and disturbing” by Julie Bort for Tech Crunch

“Californians would lose AI protections under bill advancing in Congress” by Khari Johnson for Cal Matters