Biden tightens AI regulations as critics warn of ‘stifling’ red tape on companies

News Snapshot:

WASHINGTON — President Biden issued a sweeping executive order Monday regulating the development of artificial intelligence — after Elon Musk, Sam Altman and other industry leaders have warned the technology’s unsupervised advancement could pose a risk to humanity. Under the first-of-its-kind action, companies such as Google, Amazon and Microsoft-backed OpenAI will be required to share safety test results with the government whenever they train an AI model that poses a potential “serious risk to national security, national economic security, or national public health and safety.” “President Biden is rolling out the strongest set of actions any government in the world...