"It’s part of the established playbook that Big Tech — which Andreessen and Horowitz are closely aligned with, despite their posturing — runs at the state level where it can win (as with SB 1047), meanwhile asking for federal solutions that it knows will never come, or which will have no teeth due to partisan bickering and congressional ineptitude on technical issues.
This newly posted joint statement about “policy opportunity” is the latter part of the play: After torpedoing SB 1047, they can say they only did so with an eye to supporting a federal policy. No matter that we are still waiting on the federal privacy law that tech companies have pushed for a decade while fighting state bills.
And what policies do they support? “A variety of responsible market-based approaches.” In other words: hands off our money, Uncle Sam.
Regulations should have “a science and standards-based approach that recognizes regulatory frameworks that focus on the application and misuse of technology,” and should “focus on the risk of bad actors misusing AI,” write the powerful VCs and Microsoft execs. What is meant by this is we shouldn’t have proactive regulation but instead reactive punishments when unregulated products are used by criminals for criminal purposes.
This approach worked great for that whole FTX situation, so I can see why they espouse it.
“Regulation should be implemented only if its benefits outweigh its costs,” they also write. It would take thousands of words to unpack all the ways that this idea, expressed in this context, is hilarious. But basically, what they are suggesting is that the fox be brought in on the henhouse planning committee."
https://techcrunch.com/2024/11/01/microsoft-and-a16z-set-aside-differences-join-hands-in-plea-against-ai-regulation/
#AI #AIRegulation #USA #California #SB1047 #Microsoft #a16z #BigTech
This newly posted joint statement about “policy opportunity” is the latter part of the play: After torpedoing SB 1047, they can say they only did so with an eye to supporting a federal policy. No matter that we are still waiting on the federal privacy law that tech companies have pushed for a decade while fighting state bills.
And what policies do they support? “A variety of responsible market-based approaches.” In other words: hands off our money, Uncle Sam.
Regulations should have “a science and standards-based approach that recognizes regulatory frameworks that focus on the application and misuse of technology,” and should “focus on the risk of bad actors misusing AI,” write the powerful VCs and Microsoft execs. What is meant by this is we shouldn’t have proactive regulation but instead reactive punishments when unregulated products are used by criminals for criminal purposes.
This approach worked great for that whole FTX situation, so I can see why they espouse it.
“Regulation should be implemented only if its benefits outweigh its costs,” they also write. It would take thousands of words to unpack all the ways that this idea, expressed in this context, is hilarious. But basically, what they are suggesting is that the fox be brought in on the henhouse planning committee."
https://techcrunch.com/2024/11/01/microsoft-and-a16z-set-aside-differences-join-hands-in-plea-against-ai-regulation/
#AI #AIRegulation #USA #California #SB1047 #Microsoft #a16z #BigTech
Microsoft and a16z set aside differences, join hands in plea against AI regulation | TechCrunch
Two of the biggest forces in two deeply intertwined tech ecosystems — large incumbents and startups — have taken a break from counting their money toDevin Coldewey (TechCrunch)