Regulatory Entrepreneurship and AI - Changing Laws Through Market Domination
We explain the concept of "regulatory entrepreneurship" - where companies strategically penetrate markets in legal gray areas and leverage scale and public sentiment to rewrite laws in their favor over time. Key mechanisms like rapid user growth and lobbying are concerning when applied to transformative AI with potential downsides. Using examples of firms like Airbnb and Uber's market domination leading to negative civic outcomes, we can imagine similar dynamics unfolding as generative models commercialize. There are always societal costs alongside the creator profits. Understanding these incentives allows preemptive policy to ensure balance.
Show Notes
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