{"id":1956272,"date":"2023-06-24T16:21:02","date_gmt":"2023-06-24T20:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alarm-bells-ring-as-democrats-prepare-to-hand-massive-economic-advantage-to-china\/"},"modified":"2023-06-24T16:22:10","modified_gmt":"2023-06-24T20:22:10","slug":"alarm-bells-ring-as-democrats-prepare-to-hand-massive-economic-advantage-to-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alarm-bells-ring-as-democrats-prepare-to-hand-massive-economic-advantage-to-china\/","title":{"rendered":"Democrats&#8217; plan raises concerns as it could give China a significant economic edge."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Falarm-bells-ring-as-democrats-prepare-to-hand-massive-economic-advantage-to-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1956272&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Alarm Bells Ring as Democrats Prepare to Hand Massive Economic Advantage to China<\/h2>\n<p>Amid the public\u2019s rising concerns about artificial intelligence, a group of bipartisan lawmakers, led by Democratic Senate Majority Leader Chuck Schumer, have recently pushed for legislation that would regulate the technology.<\/p>\n<p>However, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alarm-bells-ring-as-democrats-prepare-to-hand-massive-economic-advantage-to-china\/\" title=\"Democrats' plan raises concerns as it could give China a significant economic edge.\">industry experts warned<\/a> the legislative move could inadvertently give <a href=\"https:\/\/www.westernjournal.com\/war-looming-china-taiwan-30-chinese-flyovers-single-day-1-us-military-move-troubling-signs\/\" target=\"_blank\" rel=\"noopener\">China<\/a> an economic and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-unveils-its-first-regulation-to-curb-greenhouse-gases\/\" title=\"Biden Administration Unveils Its First Regulation To Curb Greenhouse Gases\">technological advantage<\/a> over the U.S. if AI was overregulated.<\/p>\n<p>On June 9, the experts told <a href=\"https:\/\/www.foxnews.com\/media\/over-regulation-artificial-intelligence-lead-chinese-dominance-experts-warn-they-want-to-win\" target=\"_blank\" rel=\"noopener\">Fox News<\/a> that the federal government and private sector should continue spending on AI and hold back on strict regulations to compete with China.<\/p>\n<p><strong>Diveplane CEO Dr. Michael Capps<\/strong>, while expressing hesitation toward AI regulation, encouraged more investment in the emerging technology.<\/p>\n<blockquote>\n<p>\u201cI\u2019m a big fan of tripling down on AI spending because that\u2019s how you get savings in the future,\u201d Capps said.<\/p>\n<p>\u201c[For example], better AI investment now is going to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/over-230-economists-give-dire-warning-about-inflation-reduction-act-say-it-will-make-inflation-worse\/\" title=\"Over 230 Economists Give Dire Warning About \"Inflation Reduction Act,\" Say It Will Make Inflation Worse\">reduce health care costs<\/a> in three years or five years rather than just spending more on entitlements programs.\u201d<\/p>\n<\/blockquote>\n<p><strong>Liberty Blockchain COO Christopher Alexander<\/strong> believes possible restrictions passed by <a href=\"https:\/\/www.westernjournal.com\/revealed-congress-didnt-get-truth-bidens-energy-secretary\/\" target=\"_blank\" rel=\"noopener\">Congress<\/a> are not what America needs, as China is showing no signs of slowing down its AI development.<\/p>\n<blockquote>\n<p>\u201cThey want to win, and they are willing to go to any lengths to do that,\u201d Alexander said. \u201cThere are a lot of complicated issues with regard to regulation and AI is extremely dangerous and could take us places where humanity doesn\u2019t want to go.\u201d<\/p>\n<p>\u201cI\u2019m not against regulation, but of course, if we were to regulate it, that would put us at a disadvantage with anyone who didn\u2019t regulate it,\u201d he added.<\/p>\n<\/blockquote>\n<p><strong>Gordon Chang<\/strong>, author of \u201c<a href=\"https:\/\/www.penguinrandomhouse.com\/books\/26093\/the-coming-collapse-of-china-by-gordon-g-chang\/\" target=\"_blank\" rel=\"noopener\">The Coming Collapse of China<\/a>,\u201d gave advice on how the U.S. could take a step in the right direction regarding American investment in Chinese companies.<\/p>\n<blockquote>\n<p>\u201cWe have to recognize the comprehensiveness of the Chinese system and cut trade and investment with China,\u201d Chang said. \u201cIf we do that, China does not have a chance of competing with the United States because we\u2019re a far stronger society.\u201d<\/p>\n<\/blockquote>\n<p>Their remarks come after Schumer said last month that lawmakers were working toward drafting legislation that would address the issue of AI regulation, according to the <a href=\"https:\/\/apnews.com\/article\/artificial-intelligence-ai-chatgpt-regulations-schumer-7c2fe089fc72a05fe0176bc8459e91cf\" target=\"_blank\" rel=\"noopener\">Associated Press<\/a>.<\/p>\n<p><strong>Sam Altman<\/strong>, the CEO of OpenAI which owns ChatGPT, appeared in front of the Senate Judiciary Committee on May 16, given his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-bipartisan-rail-safety-bill-is-a-reasonable-response-to-east-palestine-crisis\/\" title=\"The Bipartisan Rail Safety Bill Is A Reasonable Response To East Palestine Crisis\">industry expertise<\/a>, to advise that government intervention is critical in controlling the growing risks of <a href=\"https:\/\/www.westernjournal.com\/ap-democratic-congressman-admits-speech-written-artificial-intelligence\/\" target=\"_blank\" rel=\"noopener\">AI<\/a>.<\/p>\n<blockquote>\n<p>By the end of the hearing, he proposed that a U.S. or global agency be established to license and oversee all AI systems.<\/p>\n<p>\u201cAs this technology advances, we understand that people are anxious about how it could change the way we live,\u201d Altman said, per the AP. \u201cWe are, too.\u201d<\/p>\n<\/blockquote>\n<p>On June 8, two new AI-related bills were introduced to Congress, <a href=\"https:\/\/www.reuters.com\/technology\/us-congress-consider-two-new-bills-artificial-intelligence-2023-06-08\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reported. The first would require the U.S. government to disclose to people whether it used AI to interact with them, and the second would establish a government body to ensure America remains competitive in the development and use of new technologies.<\/p>\n<p>Legislation is expected to continue on the matter, as Schumer announced on June 6 that senators were attending AI briefings to deepen their understanding of the subject, according to <a href=\"https:\/\/thehill.com\/homenews\/senate\/4036455-senators-to-be-briefed-on-ai-to-deepen-expertise\/\" target=\"_blank\" rel=\"noopener\">The Hill<\/a>.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/alarm-bells-ring-democrats-prepare-hand-massive-economic-advantage-china\/\">Alarm Bells Ring as Democrats Prepare to Hand Massive Economic Advantage to China<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democratic Senate Majority Leader Chuck Schumer and a bipartisan group of lawmakers are advocating for legislation to regulate artificial intelligence (AI), despite concerns from industry experts. However, experts caution that overregulation could inadvertently benefit China economically and technologically, potentially giving them an advantage over the United States in the AI sector.<\/p>\n","protected":false},"author":2159,"featured_media":1956273,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-1956272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1956272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2159"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1956272"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1956272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1956273"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1956272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1956272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1956272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}