The Chamber report argues policymakers and business leaders must quickly ramp up their efforts to establish a “risk-based regulatory framework” that will ensure AI is deployed responsibly.
It added that AI is projected to add $13 trillion to global economic growth by 2030 and that it has made important contributions such as easing hospital nursing shortages and mapping wildfires to speed emergency management officials’ response. The report emphasized the need to be ready for the technology’s looming ubiquity and potential dangers.
The report asserts that within 20 years, “virtually every” business and government agency will use AI.
A product of a commission on artificial intelligence that the Chamber established last year, the report is in part a recognition of the critical role the business community will play in the deployment and management of AI, the Chamber said.
Even as it calls for more regulation, the Chamber is careful to caveat that there may be broad exceptions to how regulation is applied.