AI Disclosure?

House Democrat's Bill Would Mandate AI Disclosure,          By Axios

June 5, 2023, Comments

Rep. Ritchie Torres (D-NY) said regulating AI will be "one of the central challenges confronting Congress in the years and decades to come," and that disclosure is "the simplest place to start."

Credit: Aïda Amer/Axios

Rep. Ritchie Torres (D-N.Y.) is introducing legislation that would require the products of generative artificial intelligence to be accompanied by a disclaimer, Axios has learned.

Why it matters: AI is improving at a record pace. Experts say disclosure will be crucial to combat fraud or maintain a healthy political discourse.

The big picture: Torres' bill is the latest in a wave of new legislative efforts to regulate AI as Congress grapples with the emerging technology's massive potential — both for societal advancement and harm.

From Axios

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Complexity of Contracts

This came up in a conversation about the complexity of agreements,  and in particular how these might be embedded in smart contracts, and how disclosure terms might be part of that.  Has a link to full doc on the study.  What is the measure of complexity?

Complex Disclosure  in HBS Working Knowledge
by Ginger Zhe Jin, Michael Luca, and Daniel Martin

OVERVIEW — This study shows that companies looking to hide unfavorable information might strategically be making contract terms unnecessarily complex, harming consumers and undermining the effectiveness of disclosure. These results highlight a role for regulation that would encourage simpler forms of disclosure. ... "