The U.S. Chamber of Commerce’s Technology Engagement Center and the Center for Global Regulatory Cooperation (GRC) released 10 policy principles to govern the use of and regulate artificial intelligence (AI) on Sept. 23.
The Chamber’s press release explained that the principles are the result of collaboration with more than 50 of the Chamber’s member companies. The Chamber said the principles “emphasize the need for a sensible and innovation-forward approach to address both the challenges and opportunities of AI.”
Tim Day, senior VP of the Chamber Technology Engagement Center, said: “The advent of artificial intelligence will revolutionize businesses of all sizes and industries and has the potential to bring significant opportunities and challenges to the way Americans live and work.” He continued, “The U.S. Chamber’s artificial intelligence principles … will serve as a comprehensive guide to address the policy issues pertaining to AI for Federal, state, and local policymakers.”
The Chamber’s 10 principles are:
- Recognize Trustworthy AI is a Partnership
- Be Mindful of Existing Rules and Regulations
- Adopt Risk-Based Approaches to AI Governance
- Support Private and Public Investment in AI Research and Development
- Build an AI-Ready Workforce
- Promote Open and Accessible Government Data
- Pursue Robust and Flexible Privacy Regimes
- Advance Intellectual Property Frameworks that Protect and Promote Innovation
- Commit to Cross-Border Data Flows
- Abide by International Standards
In its announcement of the 10 principles, the Chamber noted that it also supports and endorses the Organization for Economic Co-operation and Development’s recommendations on AI, which have been adopted by the United States and more than 40 partner countries. The recommendations are “a flexible governance standard that promotes the responsible stewardship of trustworthy AI.”
