The Trump administration is considering plans for an independent regulator to assess the safety of artificial intelligence models with industry input. This comes after Silicon Valley leaders complained about the ad-hoc nature of recent US moves to slow the release of cutting-edge AI systems.
Treasury Secretary Scott Bessent helped develop the proposal, which would create an independent regulatory agency for AI that would report to the Securities and Exchange Commission, similar to the Financial Industry Regulatory Authority. The plan is now being reviewed by White House Chief of Staff.
An approach like this would offer more certainty for leading AI labs like Anthropic PBC, which last month was hit with US export controls that led it to temporarily disable its Fable 5 and Mythos 5 models, and OpenAI, which made significant changes at the government’s request before releasing its latest Sol model. Both companies objected to the government’s moves, calling them excessive relative to the safety issues identified by US officials.
The proposal aims to appease both Wall Street firms seeking to minimize AI’s cybersecurity risks and Silicon Valley companies frustrated by what they see as an inconsistent administration approach in overseeing the nascent technology, said the people. The framework, which remains under deliberation and is subject to change, would allow both industries to play a larger role in jointly setting safety standards, they said.
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