AI will require ‘some new laws,’ Biden says, even as tech giants agree to safeguards

Realizing the promise of artificial intelligence by managing its risks will require “some new laws, regulations and oversight,” President Joe Biden said Friday, even as several tech companies agreed to new AI safeguards.

Amazon AMZN, +0.03%, Google GOOG, +0.65% GOOGL, +0.69%, Meta META, -2.73%, Microsoft MSFT, -0.89% and other companies voluntarily agreed to steps meant to ensure that their AI products are safe before they release them.

Those four tech giants, along with ChatGPT maker OpenAI and startups Anthropic and Inflection, have committed to security testing, to be “carried out in part by independent experts,” to guard against major risks, such as to biosecurity and cybersecurity, the White House said in a statement.