White House Eyes New Regulator for AI Models: FINRA-like Body

The White House is considering creating an independent regulator for artificial intelligence. This new body would report to the Securities and Exchange Commission, much like FINRA oversees the financial industry. What's interesting is this proposal follows complaints from Silicon Valley about current government curbs on new AI models. Companies like Anthropic and OpenAI have faced restrictions. For example, Anthropic temporarily disabled models due to export controls, and OpenAI made changes to its Sol model at the government's request. Both companies protested these decisions, calling them excessive. The proposal aims to address concerns from Wall Street firms about cybersecurity risks and from tech companies who find the White House's current regulatory approach inconsistent. This comes after Google DeepMind CEO Demis Hassabis called for a U.S.-led standards body to test AI models for national security threats before their release. He suggested a model similar to FINRA. The bottom line is that as AI capabilities advance rapidly, there's a growing push to establish clear and consistent oversight.