My recent InfoWorld blog took aim at Elon Musk’s recent call for regulation of AI research. While a deregulation-minded Washington is unlikely to set up a new federal AI agency to oversee AI applications and research, Musk insists that he wants exactly that.
In remarks after his comments to the National Governors Association meeting, Musk clarified that “the process of seeking the insight required to put in place informed rules about the use and development of AI should start now. Musk compared it to the process of establishing other government bodies regulating use of technology in industry, including the FCC and the FAA. “I don’t think anyone wants the FAA to go away,” he said.”
But this is even more worrisome. He is proposing establishing an agency with full regulatory authority over every use of AI. After setting up such an omnibus regulatory structure, then he wants the agency to figure out what it should do!
But this ...
In 2014, the Federal Trade Commission (FTC) celebrated its 100-year anniversary, marking over a century as the lead consumer watchdog based on its broad authority established by Sec. 5 of the Federal Trade Commission Act, which prohibits “unfair or deceptive acts or practices in or affecting commerce.”
The Commission has demonstrated that after a century, their Section 5 authority is flexible enough to keep pace with rapid technological evolution. For instance, as SIIA has highlighted in a recent policy paper, the FTC settlement with TRENDnet demonstrated that the FTC’s regulatory authority is indeed applicable to the Internet of Things (IoT). The FTC v. Wyndham demonstrated that while data security is not explicitly identified in Section 5, the FTC’s unfairness authority includes the ability to protect consumer data from data breaches.
While there is little question of the critical value of the FTC as the lead regulator and enforcer of consume ...