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

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online

#CNBC

The Race To Regulate AI

[WernerHamilton]

Wrong title. It should be "Congress vs Intelligence "

[Ravi-rltt]

Lol, you thought that a couple boomer politicians who can barely turn on a PC are capable of regulating AI?

[hungson]

I only need AI to help me cancel my service without talking to an agent

[GoldenEmperorManifest]

I have zero faith that any politician in our government would regulate AI in any way that would benefit the citizens over the corporations that hand money under the table to them.

I also think the real unemployment numbers are something in the realm of 24% with far more at risk as robotics advance.

We tried, very hard to argue for UBI but it was a lost cause because people are terrified of being taxed when we print seemingly unlimited currency for foreign wars and foreign aid.

Someone explain to me how we have a shred of hope in America at this point.

[cosmicmoo]

"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. 🙄

[yongchen]

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?

[Charvak-Atheist]

Tax on robot use is very bad idea.

Instead there must be tax on corporate profit irrespective of if they use robots or not.

[lakeguy]

How can Congress regulate something they can't possibly understand?

[jh]

The key is to regulate without stunting innovation

[JP-qbny]

Regulate it to the benefit of the corporations who will profit massively from this AI revolution

[contentforclosers]

I just read a new book on AI titled "Conversations with my Creator" by Hood and my mind was officially blown.

[Thealt]

So instead of getting the money from ultra rich they're really going after robots.

[thebudman]

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.

[tuaaut]

Universal basic income should be a norm for all countries to reduce the society inequalities❤

[FacePlant]

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.

[introvertsrock]

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)

[pratronald]

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

[yohanessetiawan]

u can't do tax against robots, if u tax ten percent, we will make robots ten time faster

[anandpaluri]

A technology is good or bad the application and it's regulation is.

[markkithinji]

Glad to see some Java code at the intro😁