The White House is set to introduce an anticipated law dealing with artificial intelligence (AI), CNN reports. US President Joe Biden hopes this legislation will see the US lead the way in responsible AI innovation. “This fall, I’m going to take executive action, and my administration is going to continue to work with bipartisan legislation,” says Biden.
Recently, Biden has been in conversation with AI experts. He says there are vast differences among these experts regarding the potential of AI. “I’ve convened key experts on how to harness the power of artificial intelligence for good while protecting people from the profound risk it also presents,” he says.
Speaking at the United Nations General Assembly in September, Biden told the meeting that AI should be used as a tool of opportunity.
Artificial Intelligence in logistics
The global AI market is set to boom with research firm Markets and Markets reporting the industry will grow at an estimated CAGR of 36%. The logistics industry has seen the differences AI can provide, allowing companies to perform with fewer errors and maximizing AI tools to ensure high business performance.
From robots palletizing cargo in warehouses to driving along a distribution center floor, the logistics industry is using this technology advancement to avoid human error. Other uses include supply chain management and enhancing the customer experience. In a recent report published by global logistics firm DHL, the company stated that AI technology is the way of the future.
The COVID-19 pandemic hit the world hard. Now with industries in recovery mode, logistics companies are tapping into AI to improve efficiencies and keep things moving to maximize output and ensure streamlined processes. AI has even made it possible to help warehouse staff pick, sort, and transport cargo.
Logistics firm DB Shenker says in a blog post that AI is transforming almost every industry. “The foundation for AI and AI applications is data. Today, AI has become more popular due to increased data volumes, advancements in algorithms and high computing power combined with storage,” reads the blog. It adds that AI does not only accelerate a company such as DB Schenker’s digital transformation, but it also ensures a long-term competitive advantage within the logistics industry.
Print and digital magazine Analytics Insight, a magazine focusing on AI says shipping companies are now using AI to position containers. This is being done to make the most of container storage space.
AI laws in the world
EU lawmakers have been calling on world leaders to establish laws surrounding AI. About two years ago a draft law was proposed including AI tools being classified in risk levels. In June 2022 European Parliament announced that AI in Europe will be regulated. The parliament says its priority is to ensure AI systems are safe and transparent.
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About the author
Sharl is a qualified journalist. He has over 10 years’ experience in the media industry, including positions as an editor of a magazine and Business Editor of a daily newspaper. Sharl also has experience in logistics specifically operations, where he worked with global food aid organisations distributing food into Africa. Sharl enjoys writing business stories and human interest pieces.
