Sep 2, 2017

Three rules to regulate AI development

A visitor looks at a robotic hand powered by Kinfinity Glove, developed by the German Aerospace Center, on display at the World Robot Conference at the Yichuang International Conference and Exhibition Centre in Beijing, Wednesday, Aug. 23, 2017. AP/Andy Wong

Oren Etziono, CEO of the Allen Institute for AI, proposed three rules rules to regulate artificial intelligence development in a New York Times op-ed. As he writes, "the A.I. horse has left the barn, and our best bet is to attempt to steer it."

The rules:

  • "An A.I. system must be subject to the full gamut of laws that apply to its human operator."
  • "An A.I. system must clearly disclose that it is not human."
  • "An A.I. system cannot retain or disclose confidential information without explicit approval from the source of that information."

Go deeper

HBCUs are missing from the discussion on venture capital's diversity

Illustration: Eniola Odetunde/Axios

Venture capital is beginning a belated conversation about its dearth of black investors and support of black founders, but hasn't yet turned its attention to the trivial participation of historically black colleges and universities (HBCUs) as limited partners in funds.

Why it matters: This increases educational and economic inequality, as the vast majority of VC profits go to limited partners.

Unemployment rate falls to 13.3% in May

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. unemployment rate fell to 13.3% in May, with 2.5 million jobs gained, the government said on Friday.

Why it matters: The far better-than-expected numbers show a surprising improvement in the job market, which has been devastated by the coronavirus pandemic.

The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

The shocking May jobs report — with a decline in the unemployment rate to 13.3% and more than 2 million jobs added — destroyed expectations of a much worse economic picture.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.