Washington is waking up to AI's risks about three years too late

Some major companies have placed their bets on the rapid growth of AI, a complex and potentially dangerous technology. However, the inventors themselves are urging caution. Despite the importance of regulating AI, US lawmakers have not passed any legislation on the matter. The Federal Trade Commission and the Justice Department, which are understaffed and underfunded, are currently responsible for enforcing regulations on Big Tech. Antitrust officials are nearing an agreement on overseeing AI giants, but concerns remain about the speed of action. The rise of AI has attracted significant investment, with Nvidia and Microsoft benefiting from their investments in AI. However, the lack of effective government oversight is a cause for concern, as AI companies have financial incentives to avoid regulation. Current and former employees of AI companies are calling for greater accountability and oversight.