AI, Regulation, and Economic Thinking
==========
Scott Weiner, a California state senator, is known for pushing legislation to streamline housing construction. However, he is now behind a bill called SB 1047, which aims to regulate AI models. The bill requires developers to self-certify their models or submit to a nine-step regulatory regime. The economics of this bill seem less helpful than Weiner's housing agenda. There are concerns about policymakers having an imperfect understanding of complex systems, unintended consequences driving AI companies out of California, and significant opportunity costs. The Department of Homeland Security has also established an Artificial Intelligence Safety and Security Board. While the board consists of supersmart people, there is a risk of regulatory capture and industry concerns overshadowing the greater good. The article also mentions other topics such as rising income inequality, US wealth inequality, and the confusion about the supposed gap between pay and productivity.
#Ai #Regulation #Economics #HousingConstruction #California #AiModels #Legislation
https://www.aei.org/economics/ai-regulation-and-economic-thinking/
American Enterprise Institute /
npub14z…4fwd3
2024-04-29 20:58:12
Author Public Key
npub14zq8m4ucx6nteqtxp2d3m8z3tqa2hkcwh4rm96lde0cx2cjwlh9s94fwd3Seen on
wss://relay.nostr.band/allPublished at
2024-04-29 20:58:12Event JSON
{
"id": "9b65c72a09a3c21e8bf66559da1957b05ca5c5b4ee8749cd8153593a99befb4a",
"pubkey": "a8807dd79836a6bc81660a9b1d9c51583aabdb0ebd47b2ebedcbf065624efdcb",
"created_at": 1714424292,
"kind": 1,
"tags": [],
"content": "AI, Regulation, and Economic Thinking\n==========\n\nScott Weiner, a California state senator, is known for pushing legislation to streamline housing construction. However, he is now behind a bill called SB 1047, which aims to regulate AI models. The bill requires developers to self-certify their models or submit to a nine-step regulatory regime. The economics of this bill seem less helpful than Weiner's housing agenda. There are concerns about policymakers having an imperfect understanding of complex systems, unintended consequences driving AI companies out of California, and significant opportunity costs. The Department of Homeland Security has also established an Artificial Intelligence Safety and Security Board. While the board consists of supersmart people, there is a risk of regulatory capture and industry concerns overshadowing the greater good. The article also mentions other topics such as rising income inequality, US wealth inequality, and the confusion about the supposed gap between pay and productivity.\n\n#Ai #Regulation #Economics #HousingConstruction #California #AiModels #Legislation\n\nhttps://www.aei.org/economics/ai-regulation-and-economic-thinking/",
"sig": "b6802b65ae4ceb6c30f475690cdc76b6e807a36b8c4c5e8d7a74066a92cf999d7744e5be4a3aef199a8b20ad412bb4c852af820ea701d0b3c67353884c0027b0"
}