Greenville business owner heads to Washington to discuss AI regulation – Upstate Business Journal
Small businesses in the Upstate and across the country are implementing artificial intelligence technology into their operations.
The technology can offer many benefits for these businesses including saving time and money through increased efficiency. According to the U.S. Chamber of Commerce, more than 90% of small business owners said their company became more successful because AI technology helped reduce manual mistakes and produce faster growth.
“AI also still feels a little bit like the wild wild west because there’s not really any regulation around it,” said Kenzie Biggins, CEO of Worxbee, a Greenville-based small business providing virtual executive assistant support.
Biggins advocates for the needs of small businesses as a member of Intuit’s Small Business Council. She will soon travel to Washington, D.C., to talk with Congress about creating AI regulations that will help small businesses.
According to the Bipartisan Policy Center, 50% of small businesses owners and executive noted the uncertainty over possible government regulations as a barriers to AI use.
Federal regulations can have a disproportionate burden on small businesses. Unlike small businesses, Biggins said larger corporations have the legal team, money and time on hand to efficiently respond to new regulations.
“The big thing is don’t regulate AI for major corporations. Keep the small business in mind,” Biggins said. “From a regulatory perspective, make sure that AI is always accessible to small businesses because it’s how we continue to grow.”
Biggins and the other members of Intuit’s Small Business Council will be in Washington May 5-7 for National Small Business Week.
“We really are at a pivotal point,” Biggins said. “We have just a huge opportunity as a country to say we’re going to respond (to AI) in a way that keeps small businesses at the forefront.”
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