WATCH: Senate committee holds hearing on artificial intelligence and U.S. competitiveness The closed-door forum on Capitol Hill included almost two dozen tech executives, tech advocates, civil rights groups and labor leaders. The guest list featured some of the industry’s biggest names: Meta’s Mark Zuckerberg and X and Tesla’s Elon Musk as well as former Microsoft CEO Bill Gates. All 100 senators were invited; the public was not. “Today, we begin an enormous and complex and vital undertaking: building a foundation for bipartisan AI policy that Congress can pass,” Schumer said as he opened the meeting. His office released his introductory remarks. Schumer, who was leading the forum with Sen. Mike Rounds, R-S.D., will not necessarily take the tech executives’ advice as he works with colleagues to try and ensure some oversight of the burgeoning sector. But he is hoping they will give senators some realistic direction for meaningful regulation of the tech industry. “It’s going to be a fascinating group because they have different points of view,” Schumer said in an interview with The Associated Press before the event. “Hopefully we can weave it into a little bit of some broad consensus.” Tech leaders outlined their views, with each participant getting three minutes to speak on a topic of their choosing. Musk and former Google CEO Eric Schmidt raised existential risks posed by AI, Zuckerberg brought up the question of closed vs. “open source” AI models and IBM CEO Arvind Krishna expressed opposition to the licensing approach favored by other companies, according to a person in attendance. There appeared to be broad support for some kind of independent assessments of AI systems, according to this person, who spoke on condition of anonymity due to the rules of the closed-door forum. “It was a very civilized discussion among some of the smartest people in the world,” Musk said after leaving the meeting. He said there is clearly some strong consensus, noting that nearly everyone raised their hands after Schumer asked if they believed some regulation is needed. Some senators were critical of the private meeting, arguing that tech executives should testify in public. Sen. Josh Hawley, R-Mo., said he would not attend what he said was a “giant cocktail party for big tech.” Hawley has introduced legislation with Sen. Richard Blumenthal, D-Conn., to require tech companies to seek licenses for high-risk AI systems. “I don’t know why we would invite all the biggest monopolists in the world to come and give Congress tips on how to help them make more money and then close it to the public,” Hawley said. Congress has a lackluster track record when it comes to regulating technology, and the industry has grown mostly unchecked by government in the past several decades. Many lawmakers point to the failure to pass any legislation surrounding social media. Bills have stalled in the House and Senate that would better protect children, regulate activity around elections and mandate stricter privacy standards, for example. “We don’t want to do what we did with social media, which is let the techies figure it out, and we’ll fix it later,” Senate Intelligence Committee Chairman Mark Warner, D-Va., said about the AI push. Schumer said regulation of artificial intelligence will be “one of the most difficult issues we can ever take on,” and ticks off the reasons why: It’s technically complicated, it keeps changing and it “has such a wide, broad effect across the whole world,” he said. But his bipartisan working group — Rounds and Sens. Martin Heinrich, D-N.M., and Todd Young, R-Ind. — is hoping the rapid growth of artificial intelligence will create more urgency. Rounds said ahead of the forum that Congress needs to get ahead of fast-moving AI by making sure it continues to develop “on the positive side” while also taking care of potential issues surrounding data transparency and privacy. “AI is not going away, and it can do some really good things or it can be a real challenge,” Rounds said. Sparked by the release of ChatGPT less than a year ago, businesses across many sectors have been clamoring to apply new generative AI tools that can compose human-like passages of text, program computer code and create novel images, audio and video. The hype over such tools has accelerated worries over its potential societal harms and prompted calls for more transparency in how the data behind the new products is collected and used. “You have to have some government involvement for guardrails,” Schumer said. “If there are no guardrails, who knows what could happen.” Some concrete proposals have already been introduced, including legislation by Sen. Amy Klobuchar, D-Minn., that would require disclaimers for AI-generated election ads with deceptive imagery and sounds. Hawley and Blumenthal’s broader approach would create a government oversight authority with the power to audit certain AI systems for harms before granting a license.