If we choose the wrong kind of model for regulating AI, the innovation will go elsewhere, and this proposed future role for the UK will be bust before it gets off the ground 🖋️ wallaceme for ipaperviews
, many of them therefore start from a defensive, pessimistic assumption that the regulatory objective is purely to protect us from something which ought first and foremost to be seen as a threat.
As human beings, we aren’t always great at instinctively weighing up hard-to-compare risks. For example, it’s always possible to think up reasons to be wary of change – what might go wrong, what we have right now that we might lose – but it’s harder to put a price on the risk of standing still, the opportunity costs of not doing something, or the potential for what we currently have to be devalued or destroyed by the actions of others.
The public would benefit from a more open, informative discussion about the nature of risk and how to manage it. Unfortunately, many of the politicians and journalists covering public policy themselves lack a great understanding of the topic. Whisper it, but some professional regulators aren’t all that hot on it, either.
That’s all the more true of something like AI. If the speculation on its potential for increasingly rapid development is anything close to true, then being weeks or months behind on this front could translate over time to a huge capability gap, vastly increasing the risk involved in being too restrictive early on.
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