The effort was an act of "tremendous self-regulation," as Trump put it, but the agreement is not the sweeping AI regulation that people inside the companies themselves have been asking for. And while failing to honor these public commitments could count as illegally lying to consumers, even that wouldn't be enough to trigger massive reforms
The statement says that companies "should implement" several things: First, they should ensure they have "robust internal controls" to monitor their models' capabilities and ability to not go rogue or hack things in unintended ways. Second, they should "empower" an internal team to do that work (and remediate when things go wrong). Third, it encourages them to partner with an external monitor who is "empowered" to do independent assessments to make sure that all of that work is happening. And finally, they should make sure their board of directors has set up a committee to receive reports about all of these efforts
The voluntary commitments are some indication that the frontier labs are making an effort to figure out how to make products that are safe for the general public. However, if there were any hopes for a blanket blessing from the US government, those were quickly dashed after news broke that the Federal Trade Commission intends to investigate several AI companies over potential consumer protection issues
