The Race To Regulate AI
Some businesses using new artificial intelligence tools have reported big gains in labor productivity. These AI assistants, backed by some of the biggest names in tech, could someday change how work gets done in the U.S. As the technology shuffles up white-collar work in the U.S., some policymakers are pitching ideas like 32-hour work weeks and robot taxes. Meanwhile, other countries are banning high-risk uses of AI in sectors like education and financial services.
Chapters:
0:00 Introduction
01:20 Chapter 1: Productivity and taxes
05:37 Chapter 2: Jobs
07:49: Chapter 3: Regulation
Produced and Edited by: Carlos Waters
Production assistance: Jack Hillyer
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, U.S. Congress
Additional Sources: The Brookings Institution, New York State Assembly, Nasdaq, National Bureau of Economic Research, New York Stock Exchange, Social Security Administration, TrackBill, White House
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The Race To Regulate AI
Lol, you thought that a couple boomer politicians who can barely turn on a PC are capable of regulating AI?
My money's on the AI over Congress. And I, for one, welcome our AI overlords.
Its cute you think the puppets in the Gov are in charge.
Those who have no idea on a tech is hard to convince. Hence, the regulatory will be hardest. 😅
Think tanks/special interest groups will probably help make the decision for them 😮
it makes no different to any other laws. They're just puppets for the donors/lobbyists.
Wrong title. It should be "Congress vs Intelligence "
AI cannot have intelligence. AI is only as good as the math humans put in it and the patterns humans create. That is just following code, nothing more. No intelligence.
Tax on robot use is very bad idea. Instead there must be tax on corporate profit irrespective of if they use robots or not.
They always just move their companies to wherever they aren't taxed. If we tax them in America then we'll have to have tariffs for everyone else which will raise prices for everyone and someone will eat America's lunch while we all starve.
That already exists?
@@dagemaric4945 but does it though? 🥹
I only need AI to help me cancel my service without talking to an agent
How about a Cancel service button on thier website? Does it still require AI?
How can Congress regulate something they can't possibly understand?
Same as they do every other day?...
they seem to do that plenty with the female body.
what these greedy people are saying AI will replace 2/3 of its workforce in america except the ones who have highest skills goes to create AI algorithms and control them. do we have al for replace politicians, IRS and the wealthy people?
Regulate it to the benefit of the corporations who will profit massively from this AI revolution
Universal basic income should be a norm for all countries to reduce the society inequalities❤
No it will make it worse. Just like with welfare, When poor people have more money, they have more kids which creates more poverty and higher crime
The key is to regulate without stunting innovation
From a national perspective, if maintaining Peak Innovation is the end goal, then we probably shouldn't regulate at all. Bad actors all across the world once they get to a certain level of sophistication, some of them already are sophisticated enough, they're not going to act with such trepidation. That's the no-win scenario that we're in right now
wow what bernie said really hit me
I just read a new book on AI titled "Conversations with my Creator" by Hood and my mind was officially blown.
If i make a company and i am the owner and only have robots. How do i get taxed and how do you even know i am using robots. Either offline or online for example. I have one factory with no employees for example. And i also have robots for chat help. Either on call or text. Then i use my own voice for the robots.
The AI will vote against this 😅
So instead of getting the money from ultra rich they're really going after robots.
I hate talking to an AI system for customer service; it often doesn't understand what I am explaining. I was talking to my Cell Service Provider, and I was trying to explain that a new line we added has been having trouble with connectivity to their network, but the AI kept asking if I wanted to pay the bill. I am getting really frustrated with it. I do not get annoyed when calling customer support. I worked Customer Support before it was the most stressful job I ever had.
Of course, it does not understand. It is a bunch of several instructions triggered by keywords. Anything outside of that causes it to go into a spin.
I've yet to see any service provider actually use an up to date LLM for their customer service. lol I think you're talking about fake AI phone bots from a decade ago. The newer stuff is way better.
So the same as talking to real support then?
A technology is good or bad the application and it's regulation is.
In the future, corporations might face a higher tax rate as technology becomes increasingly efficient, reducing the need for human intervention in job roles. Tax revenue is their primary concern."
They really should do a video on actual customer service Lg v. Sm. Businesses And how cust. Service has been failing this century (it begun in 90s but significantly increased after 2000)
Greed is the reason of AI
Do you have any skills in Information Technology. Have you studied math and computer programming. Until then, you are left behind just like the rest.
@@shizzzzelAI was supposed to make the world a better place. Instead it's made us lonelier than ever. It makes privacy based tools such as VPNs even less effective since AI can predict who you are based on a lot of factors. It makes the hiring process a nightmare for both employers and employees because employers have to filters out all of the fake resumes while employees have to use AI to avoid getting filtered. AI is now used in televisions to insert ads in the middle of your ad-free shows. Anyone who says AI is used to better the world is kidding themselves. It's used to make companies money.
@@shizzzzel ?
Start learning everything you can now.
AI cant squirt
"The folks in Brussels come up with a lot of bureaucratic rules that make it harder for companies to innovate. The entrepreneurial environment isn't there the way it is in the United States." Ohhh nooo. They've made it harder for companies to potentially take advantage of their citizens and negatively affect fundamental industries like health care and education. Ohh noooo. 🙄
u can't do tax against robots, if u tax ten percent, we will make robots ten time faster
A few corrupt officials shouldn’t own and control the means of production, distribution and exchange. Workers make America run, workers should run America.🏴🇺🇸Ⓐ
Workers should take control of the means of production
What about the means of seduction?
The only way to do that is to make unions strong again, and most Americans are brainwashed into believing unions just take your money for no benefit. Also, Anarchy seriously?
What we have right now, is a few corrupt corporations owning and controlling everything. Yes, workers SHOULD own the means of production. And AI should benefit all in society.
I’m OK with workers owning THEIR OWN means of production, but not someone else’s……………. Coveting someone else’s stuff got 100 million people murdered last century. Let’s not repeat that mistake….
Check out this may job loss report it will tell how many jobs ai eliminated last may was 3900.
Leave it to the US Congress to be against any kind of intelligence.
If the AI model is trained on the hard work of all of humanity then shouldn't all of humanity reap the benefit of it... including the finanacial benefit Sam Altman just want regulations to ensure that he has no competitors
AI is just Algorisms!, nothing to be afraied of!
Even though Istanbul is a European city and 17 million people live in it, I still and persistently condemn the fact that my sky NEW weather forecasts are shown in the middle east region as a city. Leave it not separated. 😊
Robot taxes?
yea right.... we shall see!!!!!!
get an A.I. BF
This video was brought to you by AI
We can't even get the 40-hour workweek right. What makes you think companies will try the 32-hour workweek?
Productive efficiency requires less workers and thus less hours total.
Klarna is a predatory company
100% true.
Uhm... have you guys not heard about the Industrial Revolution? Or the 2. Industrial Revolution?!
Every worker will get an android bot assistant with build in crypto generator,all he needs to do is press the little button on bots forehead.
Because ai think faster than humans.
i totally agree about taxing the use of AI, thats genius and should be implemented last year. extra money building back america's debt win win. 1-3% thats nothing.10%
Tax it to pay off our deficit only.
I don’t really think we need more regulations. Just prosecute false advertising and misinformation. AI kind of oversells its abilities. Just like “self-driving” and other hyped up tech-nonsense that is always just around the corner.
Lol you won't be saying this in a decade. All technology isn't useful until it eventually is. In the case of AI maybe it's a niche market right now, but give it a decade, you'll see.
@@linusmlgtips2123 similar to the cloud?
And here was I thinking that Congress is at war with all forms of intelligence!
Glad to see some Java code at the intro😁
So AI is replacing customer service workers?
Not completely but companies will need less customer service workers.
@@MFlint-un2tq and less consumption in the process which will weaken the economy overtime?
Replacing doctors would be more beneficial to the patient, though!
AI nurses Nvidia
This video discusses how the U.S. government is attempting to regulate AI as the technology rapidly advances. While AI is already making workers more productive and companies like Klarna are seeing huge efficiency gains from AI chatbots, there are concerns that the pace of AI development could lead to significant job displacement and rising inequality. Congress is still in the early stages of assessing AI risks and developing regulations. Ideas being considered include "robot taxes" on companies that replace workers with AI, and policies like a 4-day workweek to more evenly distribute productivity gains. However, the U.S. appears to be moving slower than places like the EU in implementing AI regulations. As a result, Americans may be more exposed to both the benefits and risks of AI as the technology continues to advance at a rapid pace before guardrails are in place.
Lmao🤣🤣🤣 corporations don’t pay taxes and the four day work week is being pushed by those same corporations as an excuse to virtue signal and get rid of workers for AI as soon as they can. This is going to unfairly distribute the productivity gains towards the wealthy.
Hi AI
Written using AI 👍🏽
Thanks AI.
Demand your AI Dividend!
you need to make an investment to get a dividend 😂
@@blaizel3748 We've already done that, through the investment of our data. AI is not the creation of some lone inventor, it exists thanks to years of data and content, collected from all of us, that goes into training it, to then out compete us. Thus everyone in society should benefit, or our economy will collapse. Do you have a better solution?
Not really
@@NikoKun I think there will always be jobs tbh just a lot of laptop jobs out the window
@@blaizel3748 A lot of big name experts in both the fields of economics and AI, with reputations they don't want to ruin, are shouting warnings about this from the rooftops.. Are we to assume they're all wrong? Futurists like Ray Kurzweil have been predicting the timeline this stuff has been advancing on, pretty accurately for decades, and the next big steps in their timelines are just a few years off now. Some jobs will still exist, but there's almost certainly not going to be enough jobs for everyone, in competition with what AI will soon be capable of, when you actually think about the implications. And the statistical estimates suggest we could see anywhere from 25 to 60% of the workforce, lose their job to AI by 2030, with higher numbers beyond that. If even a fraction of that lower estimate comes true, it will require major economic change.
That Java code made me cracked😂
Lol, it is java script that got us here. Something you will never be able to understand yet even comment about. It is like someone saying they know HTML5 and brag about HTML.
The only thing that comes out of your mouth is web development 😂
@@thepunisher8649 That is the foundation of AI. It accumulates all of the information collected on the internet and utilizes java script to store in SQL data base. Yes, you are correct. System query language is the base data base of AI
@@thepunisher8649 it utilizes object oriented data collection systems.
@@thepunisher8649 every decision you or I make will change the future.
That klarna ceo is so full of crap if he thinks that this is going to make people get paid more…..
AI is not taking away jobs. It helps people do their jobs better.
Depends on the job and level
Which means less jobs….
@@zonkar No it doesn't.
people said that when google and amazon when they were still startup. look what happens 20 years later. no more local bookstores, shopping malls are closing down and there is only one android & youtube own all the data and video for trade the ai models and makes profits over your data without paying a penny.
@@yongchen8204 Stores still exists.
She said "You're going to be seeing Republicans taking the route of less regulation, more room for creativity, for growth and the economy." What she really should be saying is that Republicans will be busy trying to see how much they can sell their vote for, like they did with big oil related to the environment. They could care less about the American people and anybody who thinks they do care is in for a rude awakening after AI is in full swing (it hasn't even started making an impact yet really). Even many of the Democrats will be doing the same - although only at a somewhat lower percentage.
Having an Eisenhower progressive tax of 92% of what you earn over a certain dollar amount would pretty much solve every issue we have in the US. No more gouging, outsourcing, buying your competitors, hedge funds, and consolidation of industries.
The Eisenhower tax rate was to encourage people to stop holding wealth and rather use extra money to invest into businesses or donation.
14-APR-2024 : I calculated that in near future, after robot replaces 80% worldwide jobs, human need stupid ways to justify on distributing free income for all humans. Let say something like earn game currency, then convert to IRL currency. After that, ppl finally understood there's no meaning in "hoarding" money, then all new ideas/information are shared worldwide to improve humanity, at the same time money become irrelevant, as humanity trying to recycle all resources and improve humanity in a whole. Either this happens before year 3000 or humanity destroy itself "again" like all other civilization that suddenly disappear, and it just so happens to average around 3000 years.
Money holds a purpose in dealing with scarcity and prioritizing resources to what people want. If we are talking about billionaires, most of their wealth is not held in currency. They would need to sell their stake in something to use as money. Selling their stake means the transfer of an asset or the destruction of productive capability. Hoarding is there to deal with a rainy day, but individuals don't hoard as much money as implied by those espousing the ideas of income inequality. I wouldn't mind seeing us move into universal basic income. However, in my lifetime there will be a need for people to work. So, I doubt there will be a change in how that is currently incentivized.
Google search regulated in EU, made it almost useless! 😢
Interesting, it it still very useful yet with a new sheep skin covering a wolf. When you think you are protected is when you are the least.
It became useless because Google allowed companies to buy the top results. Not because of regulation.
Robots are not on payroll. Just how do you tax something not on payroll or tax robots on private property if you don't know they use them? Does this include only robots that use AI? Do you tax the robot factory for the sale and the end user company a tax on the purchase. So if you buy a robot. Are you taxed until you throw the robot away? How does the government verify this? Do people have to make all robots like rentals that are taxed? Right now they stop paying workers because they get out of paying payroll and taxes. As in they are not collecting taxes for all the human workers that now don't work there. How do they know how many robots they are using to know how much to tax them? Should we tax maintenance and robot repair more? Some robots hardly break. Some break more often. Think about this. There will be far less people fixing robots that are quality made and some people will fix them, themselves if they know how without paying someone. I more likely see them buying replacement parts. So there is going to be minimal work for fixing the robots in comparison to how many people are replaced. So for as long as it's cheaper to use a robot and pay employees and taxes for having the employees. They will use robots. Eventually no one can buy anything. Hard jobs robots can't do is all that's left. Like roofing jobs. They can use robots to 3d print concrete. However i don't think the quality is as good as man done. Do we have to put work hour taxes on robots by law and then tax based on hours running?
tax companies that use ai, then use the tax to fund a ubi system. problem solved, at least for a while
Its actually not a bad idea. Taxing robots. Bit the bigger picture is a challenge and needs a HARD RE-THINK. Taxing robots is some sort of communism (its might be the right form of communism). Why not have state owned robots that can build houses, infrastructure?
If AI removes jobs more than it can create then won’t companies lose out on productivity as their net sales would drop because less people can buy now. So in a way, that’s back to square 1. What’s the gain? Also, what would humans do if machines will do all our menial tasks and how would they survive? No wonder birth rates are falling as people are scared of bringing children to this tumultuous world.
AI is good in helping you get answers quickly!
Robot TAX 🤣🤣🤣🤣🤣🤣. The government is all about tax 🤣🤣🤣🤣
Who agree with him ? What are your thoughts?
Tax delivery robots by the mile.
No. ./ they are not.
AI will help eliminate the need to recruit new citizens from other countries in order to remain competitive in the global economy. Since all low-paying vacancies will be filled by existing citizens.
Listen and get rid of it now god damn
I glad to have an adviser who is excellent in what he's doing , you changed my entire life and I will continue to preach and song your praises on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Andras Bohm!!!!
Run a quick online research with his name...
his website is widely available online..
I hope they take all of our jobs... We can finally stay home and relax😊 I won't have to worry about anything.. Don't need anything anyways. They could bring food to us
I'm with you bruh. Give me a government issue pod dwelling and let me smoke some tweeds 😂
Sounds boring and unfulfilling
@@howled0 To me, working 60+ hrs a week to be able to buy less and less, is boring and unfulfilling. To each their own. If you like whatever it is you do, then I guess do that thing unless and until the economy makes it obsolete.
You think the government will ever use UBI?
For your dream to come true, we only need superintelligent slaves. And I am sure entities that are better than us at any cognitive and physical task will be certain to grant you all your wishes, while you sit at home and relax. The idea that we might be just parasites will definitely not cross their digital minds.
yall want less work weeks and more per hour i hope yall like $10 McDonalds burgers and $25 stakes $9 for a gallon of milk and $4k a month in rent.
So true, some people don't understand basic economics.
Those prices are normal now in California.
If 32 hour workweeks pass do you really think companies will increase your wages or will they simply hire a few extra hands to make up for your day off? As it stands, we can't even get the 40 hour workweek right.
time for a national UBI
Did this video end with "universal basic income"? Basically CNBC wants to adopt comunism.
How do you want people to earn an income when robots are taking away jobs?
Communism this is not. Socialism is the only option under AI.
@@Hans-gb4mv I bet this was the argument people made when the steam engine was invented.
@SamuelFilip We're talking about a form of automation that, in theory, will be able to do everything humans can do. It can make human labour redundant across industries. A steam engine isn't an intelligent system; It can't do your taxes, diagnose illnesses, write lesson plans, direct a warehouse. The AI revolution to the industrial revolution are incomparable. They need different interventions to maintain human livelihood.
@@SamuelFilip This is a labor replacing technology, it might even lead to abundance. Capitalism will not survive this model. It's either feudalism or socialism.
if you're still working at a job, then you're at the same Risk as Everyone, the wrong way to think is to assume that you're so special, your job is so unique, that you're above everyone else. UBI basically won't happen, Robot Taxes and 32 Workweek basically aren't guaranteed, you're more likely to get replaced first, 10 years before that thing actually happen what you're gonna do if you get fired, can't find another job opening, nobody need freelancing and commission? and you've no value to start any business that could compete with Existing Business? AI will be used to Automate thing, why would Companies Still hire People to Operate AI, While they can Fully Automate it with AI? Therefore, AI Bros won't Operate AI Either.
You're wrong in 1 way. UBI won't happen, unless we demand it, and fight for it. Just like any economic change previously in history, the people are going to need to revolt, to force that change. Our economy cannot work, if it heads for the dystopia you describe, it will just stagnate and collapse. Our best option is to transition to entirely new economic standards.
@@GrumpDog No It won't happen, UBI is a Financial Suicide, a delusion. it's already debunked many times. if 60% of jobs gone because of AI, who gonna Pay for Taxes to fund those UBI? US Government can barely Pay $5 Trillion Covid Stimulus for years, when their GDP at the time was only $19 Trillion, and to this day, they still never recovered from that Even when Covid happen, people still be able to work from home, but with AI, Majority of them won't even have a job anymore. Therefore, Never Assume that UBI is gonna Happen, unless it was Already Happened. or else, you'll lose everything. Nobody was giving you any guarantee about UBI Protest alone won't makes UBI Happen, US Basically couldn't Afford it, you can't extract Meat from a Rock if you're so smart, then tell me, how they gonna afford UBI? give me Data and Statistic, not just Emotional Arguments backed by nothing.
@@GrumpDog No It won't happen, UBI is a Financial Suicide, . it's already debunked many times. if 60% of jobs gone because of AI, who gonna Pay for Taxes to fund those UBI? US Government can barely Pay $5 Trillion Covid Stimulus for years, when their GDP at the time was only $19 Trillion, and to this day, they haven't recovered from that Even when Covid happen, people still be able to work from home, but with AI, Majority of them won't even have a job anymore. Therefore, Never Assume that UBI is gonna Happen, unless it's Already Happened. or else, you'll lose everything Nobody was giving you any guarantee about UBI US Basically couldn't Afford it, you can't extract Meat from a Rock
@@GrumpDog No It won't happen, UBI is a Financial Suicide, . it's already debunked many times. if 60% of jobs gone because of AI, who gonna Pay for Taxes to fund those UBI? US Government can barely Pay $5 Trillion Covid Stimulus for years, when their GDP at the time was only $19 Trillion, and to this day, they haven't recovered from that Even when Covid happen, people still be able to work from home, but with AI, Majority of them won't even have a job anymore.
@@GrumpDog No It won't happen, UBI is a Financial Suicide, . it's already debunked many times. if 60% of jobs gone because of AI, who gonna Pay for Taxes to fund those UBI? US Government can barely Pay $5 Trillion Covid Stimulus for years, when their GDP at the time was only $19 Trillion, and to this day, they haven't recovered from that
Tax the robots!
Regulations is bad for innovation
We need UBI
I hope it goes way wrong. Except if my twin daughters future is at stake at 16.
Standing in the way of progress again
Ofc!
Whois or has been tasked to regulate this? i can tell you hands down my kleptocratic government is not..
It is to late
Even more taxes? That’s all Congress is good for nowadays
Profit over people Yeah, Ai will be the end of America. I think I'll move to Europe.. maybe the Netherlands.
AI should not be regulated nor should AI be controlled.
Why not?
@TrueKazi while I disagree with his blanket statement, regulations are often used to build a "moat" around an industry that chokes out all but a few major corporations. Off the top of my head I'd mention weed companies, in which getting a license is really hard by design due to big company lobbying. GOOD regulation, which still allows small companies to play with Ai still would be great but the US doesn't have a good track record with this. Thank gosh for the EU
Instead of improving the world, lobbyists protecting elitists' jobs! 👎🇪🇺
@@moreywilkerson8378 Regulations do more harm than good so why disagree with me ???
Cnbc 😃
So sanders solution 😂is to make humans even lazier and less competitive 😂
LOL. Don't expect them to help any. Offshore, algorithmic trading, and other. A.I. in warfare, social engineering and influincers and algorithmic pipelines, bias echo chambers. Bioengineering, chemistry, physics, psychology, ect... Predatory humans fighting in a class system with A.I. to help. LOL
greed rather productivity is the downfall of AI.
There isn't going to be a "downfall of AI". Just a downfall of capitalism.
I guess overwhelmed majority of AI code is written in Python not Java.
Which is weird considering how much slower it is compared to a compiled language.
"And shane us if we end up using it to make people worse off." Lmao well, shame on us.
Surely in the alternation of the day and the night, and in all that Allah has created in the heavens and the earth, there are truly signs for those mindful ˹of Him˺.