Why AI should not be left solely in the hands of big tech companies

  • AI went mainstream in 2023
  • Congress failed to act on the big picture of AI
  • AI has profound implications for society

In 2023, artificial intelligence (AI) became a mainstream phenomenon, with Americans across the country experimenting with AI tools. However, amidst this rapid development, Congress failed to address the broader implications of AI. AI is not just about the products being released; it is a technology with profound societal implications. To ensure that AI is harnessed for the benefit of all, the U.S. needs a moonshot mentality led by the public sector. The government should invest in AI, reflecting America’s bold innovative spirit and recognizing the importance of this technology.

Public Companies:
Private Companies:
Key People:

Factuality Level: 3
Justification: The article contains a mix of opinion and factual information. While it acknowledges that 2023 will be remembered as the year AI went mainstream, it also presents the authors’ belief that Congress failed to act on the big picture of AI’s impact. The statement that AI is a broad, general-purpose technology with profound implications for society is presented as a fact, but lacks specific evidence or examples to support it.

Noise Level: 3
Justification: The article contains some relevant information about the impact of AI and the need for government action. However, it lacks specific evidence, data, or examples to support its claims. It also does not provide actionable insights or solutions for addressing the implications of AI on society. The article could benefit from a more thoughtful analysis and intellectual rigor.

Financial Relevance: No
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not pertain to financial topics and does not mention any extreme events.

Reported publicly: www.wsj.com