“I think skepticism is warranted.” says Joseph Nelson, CEO of A.I company Roboflow regarding President Biden’s new executive order focused on artificial intelligence (AI). Nelson was quick to point out that while the objective of Biden’s order appears to have good intentions, regulators should use caution or they may inadvertently stifle innovation in multiple sectors like healthcare or the environment.

While regulations may seem logical at first, especially in a time people fear AI, it’s unclear this executive order will accomplish its goal. For example, current laws already prevent much of what this law seeks to prevent, says Nelson. Other concerns are reporting AI data to the Federal Government and losing AI companies to other countries. While we should take AI safety seriously, regulators should exercise caution to not stifle innovation. We should “how do I wield this capability, not the capability exists in itself.”

Full show details are at https://iowapodcast.com/Pros-cons-Bidens-AI-regulations

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