Congress Wants To Regulate Artificial Intelligence -- And It's Using A Bill Written By ChatGPT

What happened: U.S. and EU regulators have increasingly opened up to the possibility of regulating artificial intelligence (AI). AI poses an interesting challenge as regulators look to define what it is and the reasonable balance between regulation and the progression of the technology. On one hand, AI can drastically improve quality of life by running complex algorithms to help create cures for diseases or invent new technology. On the other hand, it can -- and is -- replacing jobs and careers around the globe. People like Tesla Inc. CEO Elon Musk have warned it will eventually replace every job, making the need to work obsolete.