The Realities Behind AI Industry Regulation Demands
Within the framework of public choice theory, the efforts of major AI developers like OpenAI and Anthropic to seek industry regulation from Washington are examined as attempts to stifle competition and preserve the status quo.
The demand by major AI developers for regulation of their industry from Washington is evaluated, in light of public choice theory, as the protection of entrenched interests and the erection of barriers against new entrants.
AI Leaders' Calls for Regulation
Executives and employees of leading artificial intelligence companies, such as OpenAI and Anthropic, are demanding regulation from Washington by expressing concerns that their products could be dangerous.
This situation is met with skepticism among observers interested in public choice theory, who suggest that entrenched interests are seeking protection.
Public Choice Theory and Skepticism
According to public choice theory, when any industry requests more regulation from the state, it is generally assumed that they aim to protect their current positions.
In the past, Mark Zuckerberg's requests to Congress for rules regarding social media companies formed an example of a similar situation.
Barriers to Entry and Competition
One of the clearest effects of regulations in the field of artificial intelligence is the construction of new barriers to entry and competitive walls that will benefit existing market actors.
The demand by market leaders for strict rules from Washington shows that this integration functions as a kind of subsidy for them.