AI’s Growing Impact: Elections and Markets at Stake
In a fervent call for caution, Sen. Mark Warner, chairman of the Senate Select Committee on Intelligence, underscored the mounting risks associated with AI Deep Fakes. On Wednesday, he expressed deep concerns that AI tools could be exploited to influence not only the upcoming 2024 U.S. presidential elections but also the nation’s financial markets.
In a candid conversation with CNBC’s “Squawk Box,” Warner pointed out, “With the presidential elections on the horizon, we should be wary of the extent of deep fake and manipulation possibilities. Watch out.”
Addressing Market Volatility and Legal Measures
Beyond the electoral sphere, Warner delved into the potential mayhem AI could wreak on public markets, hinting at a “massive disruption.” Such a scenario, he said, might necessitate intervention from Capitol Hill. New legislative measures, complete with punitive provisions, could be on the cards to deter ill-intentioned actors from exploiting AI for malevolent purposes.
The senator also expressed concern over America’s exposed flank when it comes to advanced AI technology, particularly vis-à-vis nations like China. “Our nation’s vulnerability in this arena cannot be overstated,” Warner remarked.
In a related development, President Joe Biden, while addressing the United Nations General Assembly on Tuesday, touched upon the need for global cooperation in AI governance. Emphasizing a human-centered approach to technology, Biden stated, “We aim to ensure we dictate the terms of this technology. We won’t let it dictate us.”
