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
This act will likely increase the adoption and effective use of AI tools by small businesses. It will also help small businesses understand the risks and limitations associated with AI. The Act emphasizes the importance of human involvement in AI-informed decision-making.
Potential Benefits
- Enhanced understanding of AI tools for small businesses.
- Improved decision-making through informed use of AI.
- Increased competitiveness of small businesses by leveraging AI.
- Reduced risks associated with AI adoption.
- Publicly available educational resources.
Potential Disadvantages
- Potential costs associated with establishing and maintaining the educational resources, although the bill states no additional funds are authorized.
- Risk of the resources becoming outdated if not regularly updated.
- Possible bias in the selection of information included in the resources.
- Limited impact if small businesses are unaware of the resources or lack the capacity to utilize them.
- The effectiveness hinges on the quality and accessibility of the online learning platform.
Constitutional Alignment
The AI-WISE Act aligns with the Constitution's goal of promoting the general welfare (Preamble). Congress has the power to regulate commerce (Article I, Section 8), and supporting small businesses through educational resources can be seen as a means to that end. 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).