President of the United States Joe Biden,alerted to the potential dangers that artificial intelligence (AI) can pose to society.urging tech companies to make sure their AI products are safe before releasing them to the general public.

Speaking to science and technology advisers on Tuesday, President Biden said AI can help fight disease and climate change, but it’s also important to address potential risks to society, national security, and the economy.

“In my opinion, tech companies have a responsibility to make sure their products are safe before publishing them.“, – he said at the beginning of the meeting of the Council of Advisers to the President on Science and Technology (PCAST). Asked if AI is dangerous, he said: “This is yet to be seen. May be“.

The President of the United States said that social networks have already demonstrated the damage that powerful technologies can cause without proper protection. “Without protection, we see the impact on mental health, self-esteem and feelings of hopelessness, especially among young people.“, He said.

He reiterated a call for Congress to pass a bipartisan privacy law to limit the collection of personal data by tech companies, ban advertising aimed at children, and prioritize health and safety in product development.

Speeches make actions fall

Shares in AI companies fell sharply ahead of President Biden’s meeting, although the broader market also saw selling on Tuesday.

Shares of AI software company C3.ai fell 24%, halving a four-session gain of nearly 40% through Monday. Shares of Thai security company Guardforce AI are down 29%, analytics firm BigBear.ai are down 16% and intelligence firm SoundHound AI are down 13% as of late Tuesday.

AI is becoming an increasingly controversial topic among regulators and politicians.

The technology ethics group the Center for Artificial Intelligence and Digital Policy has petitioned the US Federal Trade Commission to ban OpenAI from releasing new commercial releases of GPT-4, which amazed and shocked users with its human ability to generate written responses to queries.

US Democratic Senator Chris Murphy urged the public to pause and think about the implications of AI.

Last year, the Biden administration launched the Bill of Rights Project to help ensure user rights are protected as tech companies design and develop artificial intelligence systems.

In Europe, Italy has already blocked OpenAI’s ChatGPT due to privacy concerns, while Germany is also considering a ban on the AI ​​chatbot.

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