SENS. BANKS AND SCHIFF INTRODUCE BILL TO HELP AMERICAN AI COMPANIES COMBAT CHINESE ESPIONAGE

WASHINGTON, July 23 -- Sen. Jim Banks issued the following press release:

Today, Senators Jim Banks (R-Ind.) and Adam Schiff (D-Calif.) introduced the bipartisan Collaboration on Adversarial Threats and Security Risks Act, legislation to help American artificial intelligence companies work together to defend against espionage by Communist China and other serious national security threats.

As American companies race to advance Artificial Intelligence systems, foreign adversaries are increasingly attempting to steal U.S. technology through cyber-attacks, model theft, and 'distillation' attacks that replicate advanced AI models at a fraction of the cost. While existing laws allow companies to share information about cyber threats, there is ...