Biggest lobbying group in US calls for AI regulation

The US Chamber of Commerce has called for regulation of artificial intelligence (AI) tech in order to ensure it does not become a national security risk or hurt growth.

The statement marks a significant change in tact from the largest lobbying group in the United States which has historically called for deregulation.

In a report, the Chamber argues that lawmakers in the country should increase their efforts to establish a "risk-based regulatory framework” for the use of AI, with tools like ChatGPT raising concerns over their impact on security and education.

The report notes that AI is projected to add $13 trillion to global economic growth by 2030, and that "virtually every" business and government agency will use AI within 20 years. It cited potential examples of easing hospital nursing shortages and mapping wildfires.

It said: "Rather than trying to develop a one size-fits-all regulatory framework, this approach to AI regulation allows for the development of flexible, industry-specific guidance and best practices.”

The report comes as a product of a commission on AI established by the Chamber in 2022.

    Share Story:

Recent Stories


The future-ready CFO: Driving strategic growth and innovation
This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities
In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.