This week, the CEO of OpenAI, the company behind ChatGPT and the Chief Privacy Officer of IBM testified before the U.S. Senate Judiciary Subcommittee on Privacy, Technology and the Law. During that hearing, it is reported that both “called on U.S. senators…to more heavily regulate artificial intelligence technologies that are raising ethical, legal and national security concerns.”

According to the Los Angeles Times, OpenAI’s CEO, Sam Altman agreed that the use of AI could solve big problems, but simultaneously, stated that “If this technology goes wrong, it can go quite wrong.” He posited that companies should have to get a license to operate and conduct a series of tests before releasing new models.

IBM’s Chief Privacy and Trust Officer Christina Montgomery stated that it’s not too late to address how the AI tools are used through “precision regulation.”

For its part, the White House issued a “Blueprint for an AI Bill of Rights” for consumers, which is a helpful guide on some harmful effects of AI for consumers, including discrimination by algorithms and abusive data practices that affect consumers’ privacy.

While Congress grapples with how to regulate AI, consumers should continue to research and stay abreast of the good and evil of AI.