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Expert Argues AI Rules Boost, Not Hinder, Tech Growth

By Tech Desk · · 1 min read
A wooden gavel resting on a polished mahogany desk

An AI CEO told a House panel that proper governance acts as infrastructure for innovation. She cited low corporate adoption rates as a key risk factor.

Key points

  • EqualAI CEO Miriam Vogel argued that effective AI governance supports innovation by providing necessary infrastructure for scaling.
  • Data from the World Economic Forum indicates that less than 1% of companies currently have strong AI governance frameworks in place.
  • The House Select Committee held a hearing to discuss responsible AI development and potential communication lines with China.

Miriam Vogel told a U.S. House panel on Wednesday that effective AI rules do not slow innovation. She argued that governance provides the necessary structure for technology to expand safely. The hearing focused on managing risks between the U.S. and China.

Vogel is the CEO of EqualAI. She stressed that America must define its own standards to shape global norms. She compared AI safety to aviation and car regulations that people trust daily. This approach treats AI as a critical national security issue.

Governance as innovation infrastructure

Vogel stated that good rules allow innovation to scale rather than restrict it. She likened this to the safety checks required for flights and vehicles. Without these standards, public trust in the technology would erode. She emphasized that safety and growth are not opposing goals.

The expert noted that many companies lack strong oversight systems. According to World Economic Forum data, less than 1% of firms have robust AI governance. McKinsey reports that under a third have any formal rules. This gap creates significant risks in critical sectors like finance and healthcare.

Risks of autonomous AI systems

Vogel warned about "agentic AI," which acts with some independence. She explained that without oversight, these systems can cause problems. A simulation showed how small errors can become major crises. This highlights the need for controls during deployment, not just development.

Political context and leadership

The hearing occurred ahead of a meeting between U.S. and Chinese leaders. The Trump administration is considering a direct communication line for AI issues. President Trump has generally opposed regulations that might limit AI growth. However, industry leaders urge caution to maintain control over advanced models.

Based on reporting by Fox Business, compiled by the Tradingbird desk.

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