Microsoft has made a compelling case for the establishment of a new government agency focused solely on regulating artificial intelligence (AI), according to Bloomberg reports. Speaking at an event attended by members of Congress and non-governmental organizations in Washington, DC, Microsoft Vice Chair and President Brad Smith emphasized the need for AI to be governed by the rule of law and democratic principles. Smith proposed the implementation of redundant AI circuit breakers as part of Microsoft’s blueprint for AI regulation, ensuring the ability to quickly deactivate algorithms if necessary.
In addition, Smith strongly urged President Biden to issue an executive order mandating federal agencies to adhere to the National Institute of Standards and Technology’s (NIST) risk management framework when engaging with AI tools. Microsoft committed to following the NIST guidelines and pledged to publish an annual AI report to enhance transparency.
