The conversation I see around AI regulation makes me wonder if we haven't considered some positive aspects. For example, the CFPB, FDIC, SEC, et. al. exist in order to regulate behaviors of certain financial services providers. From the perspective of fintech enthusiasts, much of this regulation is seen as frustrating yet quite sensible & justifiable. It is really easy to find ourselves in the position of being the c…
I don't think regulation is necessarily a bad thing, but I don't know that it makes sense to be this proactive. I've worked in fintech and for every regulation that I asked about, there was some event in history someone could point to and say "this is what it's trying to stop". Those regulations feel like the accumulation of a lot of painfully learned lessons over a long time. Some are more onerous than others, but t…
Re: Schumer launches ‘all hands on deck’ push to regulate AI
#21It’s worse than speculative, it’s hype driven. Everyone wants to do something ai related right now. For those who view their role in the world as The Regulator of Things, this means regulating the newest thing. This stems from the fact that politicians in the US are mostly professional media personalities.