The U.S. government is considering laws to assist society adapt to the introduction of artificial intelligence.
Early users of the technology are already seeing labor productivity gains. For instance, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit consequence by $40 million by the top of 2024.
“It principally does the job of 700 full-time agents,” Klarna CEO Sebastian Siemiatkowski said in an interview with CNBC. “It principally was able to taking good care of two-thirds of all of the incoming errands that we’ve over chat.”
Klarna’s AI assistant tool is built on OpenAI’s systems, which power each ChatGPT and Sora — two products which have captured the eye of each most of the people and Congress.
In 2023, members of Congress convened panels, private dinners, and learning sessions with high-profile tech executives including Sam Altman, CEO at OpenAI. The White House followed up by looking for commitment from 15 private industry leaders to assist lawmakers understand one of the best technique to discover risks and make use of the brand new technologies. The list includes a few of the biggest players within the tech sector, alongside newcomers similar to Anthropic and OpenAI.
The Senate Task Force on AI, established in 2019, has passed a minimum of 15 bills into law that concentrate on research and risk assessment. But when put next with measures passed by the European Union in 2024, the U.S. regulatory environment appears to be relatively relaxed.
“The parents in Brussels, they give you plenty of bureaucratic rules that make it harder for firms to innovate,” Erik Brynjolfsson, a senior fellow at Stanford Institute for Human-Centered AI, said in an interview with CNBC. “The entrepreneurial environment is not there the best way it’s in the US.”
Economists have nervous for years that artificial intelligence could sink job prospects for white-collar staff, just like the results globalization has had on blue-collar staff prior to now. A study from the International Monetary Fund suggests that a minimum of 60% of labor in advanced economies can be exposed to changes that stem from the wide adoption of artificial intelligence.
In 2023, lawmakers within the Recent York State Assembly recommend a measure to limit the expected impact of tech-driven layoffs with robot taxes. The thought is to introduce a value for firms that use technology to displace staff throughout the state. As of April 2024, the bill stays in committee with an uncertain future.
Many economists have said that robot taxes, if used in any respect, needs to be set at a comparatively low level. Within the U.S. each employers and employees face payroll taxes of seven.65% of income. However the optimal rate for a robot tax can be between 1% and three.7%, based on researchers on the Massachusetts Institute of Technology.
“It’s good for us to have output and productivity. And so I’m undecided we wish to tax those,” said Brynjolfsson. “Robots are a part of what boost technological growth and provides us that higher productivity.”
“There will probably be a time in the long run where robots can do most of what humans currently do,” Brynjolfsson said. “We’re not there yet.”
Watch the video above to learn more in regards to the U.S. government’s plan to control artificial intelligence.Â
