Regulating Commerce With AI?: The Consumer Safety Technology Act’s Approach To Protecting Customers In A Digital Age | ACE
6mon 18d ago by lemmy.world/u/unitymatters in uspolitics from ace-usa.org
The Consumer Safety Technology Act (H.R. 1770/CSTA) is a bill that will create a pilot AI program to regulate financial actions and blockchain technology with less human oversight. Supporters argue that any deficit in the financial arena can be spotted more quickly with AI. Those against the bill reason it can cause potential data leaks and allow too much government oversight in the private sector. Does the possible passing of this bill allow for too much federal government regulation in the private sector?