Tech Industry Urges Colorado Governor to Veto AI Regulation Bill
The technology industry is up in arms over a bill in Colorado that could have far-reaching implications for small businesses developing cutting-edge artificial intelligence technology. Senate Bill 205, which aims to regulate the development and use of AI in the state, has sparked controversy among industry stakeholders.
The bill focuses on preventing “algorithmic discrimination,” which occurs when AI systems lead to unlawful differential treatment based on various protected classes. It requires developers to exercise caution when using “high-risk” AI systems, defined as those involved in making significant decisions. Provisions of the bill include implementing risk management policies, conducting impact assessments, and notifying consumers when AI is used in consequential decisions.
Organizations like the Chamber of Progress, Consumer Technology Association, and the US Chamber of Commerce have sent letters to Governor Jared Polis urging him to veto the bill. They argue that the regulations could stifle innovation and put small businesses at a disadvantage against larger corporations.
While some tech companies support the bill, citing the lack of federal regulations for AI, others, including small business owners, are concerned about its potential impact. They believe that a more thorough analysis of the bill’s implications is necessary before enacting such legislation.
As the deadline for Governor Polis to make a decision approaches, the tech industry is closely watching to see how this debate over AI regulation in Colorado will unfold. The outcome could have significant implications for the future of artificial intelligence development in the state.