However, some believe the added regulatory burden could benefit larger companies who can more easily afford the associated costs. Startups may struggle to meet extensive testing and regulatory requirements like the AI giants can. There are also concerns about how the order applies to open-source AI, with fears that regulation directed at large open-source model providers could impact startups. The White House has refuted the notion that the executive order is aligned to tech incumbents’ interests.
Key takeaways:
- President Joe Biden has signed an executive order placing regulations on the development and use of artificial intelligence (AI), including granting the government oversight on future large language models before they can be released to the public.
- While some AI startups have welcomed the order, others have expressed concerns that it could stifle innovation and impede smaller companies.
- The executive order includes a declaration that the federal government will promote a “fair, open and competitive” ecosystem by helping developers and small businesses access technical resources and commercialization opportunities.
- Some industry insiders have warned that the added regulatory burden could benefit larger tech companies, who can more easily afford the associated costs, and potentially limit organizations’ ability to rapidly build and deploy new models.