Four federal U.S. agencies issued a warning on Tuesday that they already have the authority to tackle harms caused by artificial intelligence bias and they plan to use it.The warning comes as Congress is grappling with how it should take action to protect Americans from potential risks stemming from AI. The urgency behind that push has increased as the technology has rapidly advanced with tools that are readily accessible to consumers, like OpenAI’s chatbot ChatGPT. Earlier this month, Senate Majority Leader Chuck Schumer, D-N.Y., announced he’s working toward a broad framework for AI legislation, indicating it’s an important priority in Congress.But even as lawmakers attempt to write targeted rules for the new technology, regulators asserted they already have the tools to pursue companies abusing or misusing AI in a variety of ways.In a joint announcement from the Consumer Financial Protection Bu …
