Artificial Intelligence Wisdom for Innovative Small Enterprises Act; AI–WISE Act
Summary
The AI-WISE Act aims to support small businesses by providing educational resources and modules on artificial intelligence (AI) tools. It mandates the Small Business Administration (SBA) to establish and maintain these resources on an existing online learning platform. The Act also establishes an advisory working group to ensure the accuracy and relevance of the information provided.
Expected Effects
The Act will likely increase small business owners' understanding and adoption of AI technologies. It will also help them manage the risks associated with AI. The SBA will be required to coordinate with resource partners to disseminate information about the new educational resources.
Potential Benefits
- Increased awareness and understanding of AI tools for small businesses.
- Improved ability for small businesses to evaluate and manage risks associated with AI.
- Enhanced decision-making by small businesses through informed use of AI.
- Potential for increased efficiency, productivity, and customer service in small businesses.
- Support for innovation and competitiveness among small businesses.
Potential Disadvantages
- The Act does not authorize additional funding, potentially straining existing SBA resources.
- The effectiveness of the educational resources depends on the quality and accessibility of the online platform.
- Small businesses may still face challenges in implementing AI due to cost or technical expertise.
- The advisory working group's recommendations may not fully address the diverse needs of all small businesses.
- There is a risk that the information provided could become outdated quickly due to the rapid pace of AI development.
Constitutional Alignment
The AI-WISE Act appears to align with the constitutional mandate to "promote the general Welfare" (Preamble). Congress has the power to regulate commerce and support small businesses, which falls under its enumerated powers (Article I, Section 8). The Act does not appear to infringe on any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).