Crisis point in AI?
garymarcus.substack.com
Crisis point in AI?
Corporate capture threatens to derail EU AI Act
Breaking news: the draft EU AI Act—the closest thing we have to AI regulation with real teeth—is in serious jeopardy, potentially a direct victim of regulatory capture, governments doing the bidding of those they are supposed govern.
https://x.com/bertuzluca/status/1722997599932678450?s=46
Possible future: Literally every bad thing that comes out of generative AI-and there will may well be a lot—people will wonder: “maybe this wouldn’t have happened had Macron and Scholz not blocked the planet’s best effort at keeping the tech companies in check.”
If this isn't corporate capture, big tech is spending a whole heap of Euros just to keep those lobbyists in beer and moules-frites. https://www.euronews.com/my-europe/2023/09/11/tech-companies-spend-more-than-100-million-a-year-on-eu-digital-lobbying.
Always essential reading, Gary, thank you.
The regulations are overreaching, this is good. People are coming back to their senses. I think you need to update your definition of “regulatory capture”.