Nobody trusts big tech to regulate itself
Briefly

Sen. John Hickenlooper (D-Colo.) announced in a speech Monday that he will push for auditing of AI systems, because AI models are using our data "in ways we never imagined and certainly never consented to." "We need qualified third parties to effectively audit generative AI systems," Hickenlooper said. "We cannot rely on self-reporting alone. We should trust but verify" claims of compliance with federal laws and regulations, he said.
President Biden's executive order on AI mandated that NIST expand its support for generative AI developers and "create guidance and benchmarks for evaluating and auditing AI capabilities," especially in risky areas such as cybersecurity and bioweapons.
The "Big Four" accounting firms - Deloitte, EY, KPMG, and PwC - sense business opportunities in applying audit methodologies to evaluate AI models for compliance with regulations and developer promises.
Read at Axios
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