The potential of AI is limitless, yet its implications are complex and multifaceted. Striking a balance between innovation and regulation is crucial for harnessing its benefits while safeguarding against risks.In this episode, I sit down with Raja Krishnamoorthi, US Congressman, Representing Illinois 8th District, to delve deep into the world of AI, its possibilities, its dangers and how the US is positioning itself in this global race.Key Takeaways:(02:36) The necessity of AI regulation. (03:06) Debating a potential AI regulatory agency. (04:09) Concerns about global competitiveness, especially China’s AI advances.(04:52) Introduction of the P.A.S.T. model for AI legislation: Privacy, Accountability, Security and Transparency. (07:00) Concerns about regulatory capture by corporations and the need for diverse perspectives. (08:35) Thoughts on open-sourcing large AI language models and implications. (13:10) The geopolitical impact of AI development, especially in China’s context. (15:48) Worries about deepfake technology and its election impact.(21:34) Congressional challenges and ambitious goals for AI regulations, with potential timing considerations.Resources Mentioned:Raja Krishnamoorthi - https://www.linkedin.com/in/rajakrishnamoorthi/US Congressman - https://www.linkedin.com/company/u.s.-house-of-representatives/Thanks for listening to the Regulating AI: Innovate Responsibly podcast. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#AIRegulation #AISafety #AIStandard

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