Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Government should regulate AI misuse and harm, not the basic technology – Capitol Weekly | Capitol Weekly
    Stock Market

    Government should regulate AI misuse and harm, not the basic technology – Capitol Weekly | Capitol Weekly

    August 28, 20244 Mins Read


    Opinion


    Image by Dragon Claws

    by
    REMY MERAZ
    posted 08.28.2024

    OPINION – As a former corporate employee and now a minority business owner, I have worked tirelessly to reduce workplace bias and discrimination. With my new company, I’m successfully using artificial intelligence to help solve these vexing problems, so I was surprised and disappointed when I recently reviewed well-intended, but terribly misguided, AI bias legislation being considered by California legislators.

    In 2021, I started building an AI-powered coaching platform that helps strengthen emotional intelligence and soft skills in the workplace. This helps companies and individual employees in two important ways. First, it helps people recognize if bias might be creeping into their thinking and decision-making. Second, it helps those with bias-related concerns and frustrations articulate them in effective communications that are likely to produce constructive instead of defensive responses.

    Helping employees initiate positive change is empowering to them and good for companies. I wish that I’d had similar coaching as a Latina manager climbing my early-career ladder, and I’m proud that our young company – innovatively with AI – has helped many people and employers accomplish this. I wish California legislators would stop rushing to legislate AI, and would appreciate its positive power.

    It seems that most AI discussion in Sacramento is focused on Senator Wiener’s bill that focuses on large AI models and potential risks. But Assembly Bill 2930, authored by Assemblymember Rebecca Bauer-Kahan, disappoints me more because I passionately agree with its anti-discrimination goals, and yet I know it will hurt our ability to reduce workplace bias.

    Anti-discrimination laws have historically operated retrospectively, because we can only determine if a decision was discriminatory, or what factors produced discriminatory outcomes, after the decision occurs or many decisions occur and patterns are evident. AB 2930 nobly tries to stop discrimination prospectively by regulating the technology before it is ever used. The proposed regulations would not mandate how to build or operate AI models or AI-influenced services, but would impose expensive and difficult pre-release risk assessments, predictions, evaluations, and mandatory governance programs for all AI startups like mine.

    I know many founders building AI-forward companies that proactively address the very problems that this bill tries to prevent. They use AI to help people access better education, receive personalized health services, and get lower-cost mortgages. However, funding will disappear and missions will be aborted if AI startups are saddled with costly governance mandates, burdensome risk assessments and reporting requirements, and constant evaluation obligations.

    In contrast, the government doesn’t impose these burdens on companies that make the same consequential decisions using only their brains and calculators, nor businesses that get decision support from consultants. Why would the government bury small companies that use technology responsibly to produce better decisions in paperwork? If AB 2930 becomes law, startups like mine will be at a significant disadvantage and the large AI developers will be advantaged. It will badly hurt small firms’ ability to build specialized AI solutions that solve addressable problems and contribute mightily to California’s world-leading innovation economy.

    California has a long history of strong anti-discrimination laws that I support, and I have dedicated my career to helping people feel safe and supported at work. This wouldn’t be possible at scale without the magic of AI, and if AB 2930 passes, it definitely won’t be possible.

    I am a proud AI optimist who is not hiding from its risks, but I am urging lawmakers to reject legislating from a place of fear and embrace the opportunity of AI. We need balanced AI legislation that promotes the good and addresses the risks. Our lawmakers must do better.

    Remy Meraz is the Co-Founder and CEO of Zella Life, an AI-powered coaching platform that helps strengthen soft skills and emotional intelligence in the workplace. 

    Want to see more stories like this? Sign up for The Roundup,
    the free daily newsletter about California politics from the editors of Capitol Weekly.
    Stay up to date on the news you need to know.

    Sign up below, then look for a confirmation email in your inbox.




    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    US stock market and global trade partners react to Trump’s new tariffs

    Stock Market

    Wall Street’s Most Accurate Analysts Weigh In On 3 Health Care Stocks With Over 3% Dividend Yields – Johnson & Johnson (NYSE:JNJ), Baxter Intl (NYSE:BAX)

    Stock Market

    Dow drops 500 points, S&P 500, Nasdaq slide after weak jobs report, Trump’s tariff redux

    Stock Market

    UK firms are investing heavily in new tech – but will it make any difference?

    Stock Market

    2 Unstoppable Dow Dividend Stocks to Buy and Hold Forever

    Stock Market

    The Case for Colgate-Palmolive Company (CL)

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Lawmaker says Browns pushing for Ohio investment in stadium through bonds, not direct funds

    Property

    2025 global insurance outlook | Deloitte Insights

    Property

    Asking prices for UK homes tumble in June

    Editors Picks

    RAW Capital Partners releases fixed rates with discounts for large loans and UK expats

    May 1, 2025

    Trump cites China competition in vowing to create bitcoin ‘stockpile’

    July 27, 2024

    A Cornerstone for Financial Trust and Reliability

    July 12, 2024

    Bitcoin As A Reserve Asset? Senator Cynthia Lummis Fuels Speculation

    July 26, 2024
    What's Hot

    Mortgage servicing fintech Haven partners with AI startup Kastle

    October 22, 2024

    Is stock market open today? – NBC New York

    February 17, 2025

    Close-up of red-shouldered hawk in Silver Springs

    August 22, 2024
    Our Picks

    is it time to cash in your gold jewelry?

    June 26, 2025

    Global silver market faces strains as Trump’s tariffs hit

    March 18, 2025

    Wall Street indices open higher; Microsoft, Meta gain on earnings

    May 1, 2025
    Weekly Top

    US stock market and global trade partners react to Trump’s new tariffs

    August 1, 2025

    Agricultural research boost: PAU secures Rs 4 crore GoI project for predictive breeding of guava | Ludhiana News

    August 1, 2025

    Hochul blames ‘lack of investments’ for MTA’s hellish service meltdowns, even as bloated transit agency eyes fare hike to $3

    August 1, 2025
    Editor's Pick

    Aditya Birla Real Estate vend 10 % de sa participation dans Vardhita Properties, une filiale en perte de vitesse -Le 05 mars 2025 à 05:14

    March 4, 2025

    Metal Finishing Conference Highlights Industry Strengths

    October 12, 2024

    Transcript : Boardwalk Real Estate Investment Trust, Q4 2024 Earnings Call, Feb 21, 2025 -Le 21 février 2025 à 19:00

    February 21, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.