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Trust in AI technology and the companies that develop it is dropping, in both the U.S. and around the world, according to new data from Edelman shared first with Axios.
Why it matters: The move comes as regulators around the world are deciding what rules should apply to the fast-growing industry. “Trust is the currency of the AI era, yet, as it stands, our innovation account is dangerously overdrawn,” Edelman global technology chair Justin Westcott told Axios in an email. “Companies must move beyond the mere mechanics of AI to address its true cost and value — the ‘why’ and ‘for whom.’”
I’m actually quite against regulation though because what it will really do is make it impossible for small startups and the open source community to build their own AIs. The large companies will just jump through whatever hoops they need to jump through and will carry on doing what they’re already doing.
Surely that would be worse without regulation? Like with predatory pricing, a big company could resort to means that smaller companies simply do not have the resources to compete against.
It’s like how today, it would be all but impossible for someone to start up a new processor company from scratch, and match up with the likes of Intel or TSMC.
Sure but with regulation we end up with the exact same thing but no small time competitors.
I think that’s a pretty bleak perspective.
Surely one of the main aims of regulation would be to avoid concentrating benefits.
Also, I have a lot of faith in the opensource paradigm, it’s worked well thus far.