Get the latest tech news

AI regulations are crony capitalism

Regulating artificial intelligence presents a "Baptists and bootleggers" problem.

Altman demonstrated how his company's tool could massively reduce the cost of retrieving, processing, conveying, and perhaps even modifying the collective knowledge of mankind as stored in computer memories worldwide. In his testimony, Altman referred to Johannes Gutenberg's printing press, which enabled the Enlightenment, revolutionized communication, and—following the dictum "knowledge is power"—destabilized political and religious regimes worldwide. If more traditional command-and-control or public utility regulation were used, which raises its own challenges, AI producers would be allowed to operate within a set of regulatory guardrails while responding to market incentives and opportunities.

Get the Android app