Do you think AI should be regulated by governments, or should the market regulate it instead?
When I was reading TechCrunch today, I came across Jensen Huang’s (NVIDIA CEO) view that AI safety should be handled by companies through engineering and market pressure, rather than through new regulation.
In my opinion, the power of consumers and the public is sometimes simply not strong enough to counterbalance large technology companies. That’s why I believe governments sometimes need to step in and establish rules and regulations.
Do you think AI should be regulated by governments or by the market?
I personally think that there should be a hybrid form of regulation. I completely dislike the idea of regulating the development and use of AI and how the EU is approaching it, but at the same time I appreciate the initiative that, for example, protects copyright and the ethical use of AI.
Replies
Markets have always regulated first, whatever ships gets tested by users before any governmental agency looks at it. So governments had time to study what already happened before writing rules. That gap is gone now, models change faster than any hearing schedule, so regulation either arrives already stale or gets written by people who never had time to learn the thing they're regulating. The pace is the actual problem here.