The author proposes several recommendations for effective AI regulation. These include avoiding the creation of a new federal agency, ensuring participation from startups in any AI advisory board or committee, and making sure any regulation is clear and reasonable. The article emphasizes the need for a balanced approach to AI regulation that both protects society and promotes innovation.
Key takeaways:
- Regulation of AI is necessary but must be done carefully to avoid stifling innovation and falling into regulatory capture, where large companies dominate the regulatory process.
- Instead of creating a new federal agency for AI, existing agencies like the FTC and EEOC can handle different categories of risk.
- Setting up a system for third-party auditors to access AI models and training data could help detect issues and maintain standards.
- Regulation needs to be clear and reasonable, with participation from startups and not just large tech companies, to ensure a balance between protecting society and fostering innovation.