Biden, Modi Discuss AI Regulation With Tech CEOs

Nadella, Apple's Tim Cook and OpenAI's Sam Altman met with senior officials from both countries to discuss innovation, investment and manufacturing. Commerce Secretary Gina Raimondo, National Economic Council Director Lael Brainard, National Security Adviser Ajit Doval and NASA Administrator Bill Nelson were among U.S. participants. Biden told attendees the U.S. and India are developing new technology that will change the world, and the government needs the executives' help to "build guardrails around emerging technologies” so they're "trustworthy, secure and uphold our shared values in human rights.” Modi spoke briefly in Hindi after the president’s remarks. Biden and Modi issued a joint statement with a commitment to develop and promote regulations that “facilitate greater technology sharing, co-development, and co-production opportunities between U.S. and Indian industry, government, and academic institutions.” Altman, Microsoft President Brad Smith and IBM Chief Privacy and Trust Officer Christina Montgomery have urged Congress to regulate the emerging technology. Senate Majority Leader Chuck Schumer, D-N.Y., is leading a series of Senate briefings and meetings in hopes of reaching agreement on comprehensive legislation (see 2306210065). Sens. Ed Markey, D-Mass., and Gary Peters, D-Mich., in a letter announced Friday, asked the GAO to assess the potential harms of generative AI. The agency told us it’s likely to accept the request, though a formal review is pending.