Though rapidly growing artificial intelligence (AI) technologies appear to make our lives easier, users of AI products are more concerned with data privacy than the new technology that will replace them in the job.
The usage of AI tools shapes our professional and social lives and raises privacy concerns.
While other concerns about job losses caused by AI replacing human workers are growing, the impact of AI tools on personal privacy has become a hot topic.
According to a survey conducted by consulting firm KPMG, around 1,000 college-educated US consumers believe that the benefits of AI technology outweigh the hazards associated with its use.
Some 42% of clients polled reported that generative AI tools had a big impact on their personal lives, while the remaining 58% said such apps shaped their professional life, and 51% expressed substantial excitement about generative AI.
More than half of the KPMG poll respondents feel that generative AI technologies will improve a variety of concerns, including physical health, cybersecurity, tailored suggestions, and education.
However, poll participants expressed concerns about fake news and content, AI scams, data privacy, disinformation, and cybersecurity as a result of the expanding usage of AI.
Among the participants, 51% indicated concern about employment losses caused by AI replacing human jobs.
When it comes to federal regulations on AI development, 60% of Gen Z and Millennial respondents believe they are either “just right” or “too much.”
Furthermore, 36% of Gen X participants and 15% of Boomers and Traditionalists supported the current government methods for regulating AI development in the United States.
– The Biden Administration’s Executive Order on AI
On October 30, 2023, the Biden administration issued an executive order directing the safe, secure, and trustworthy research and deployment of artificial intelligence (AI).
The directive, issued to protect Americans from the potential threats of AI tools, mandated that companies developing AI technologies disclose security test results and other information with the US government.
In addition, additional restrictions were implemented to safeguard people from fraud from AI-created content through verification.
Meanwhile, the US Federal Trade Commission (FTC) opened a broad inquiry into OpenAI, the company behind ChatGPT, last year for allegedly breaking consumer protection rules.
In January, the Federal Trade Commission initiated an inquiry into Alphabet, Amazon, Anthropic, Microsoft, and OpenAI’s generative AI investments and collaborations.
In early June, reports broke in the United States that the Department of Justice will investigate chipmaker Nvidia for its participation in the AI frenzy.