Extract from Maria Dinzeo’s article “AI Startups Rely on Tech Giants Even as They Fear Their Dominance, Complicating Antitrust Debate”
In their rush to predict and prevent artificial intelligence harms, regulators may be overstepping in a way that stalls innovation and puts the U.S. at a disadvantage in its arms race with China for dominance in the emerging field, former Secretary of State Condoleezza Rice said Thursday.
Rice spoke at a workshop hosted by Stanford University and the U.S. Department of Justice’s Antitrust Division on promoting competition in AI.
“I’ve been concerned about the rush to regulate,” Rice told Gregg Roston, public policy program director at Stanford. “We might want to live in this ecosystem for a little while. Things will emerge that will need regulation, but if you’re trying to preconfigure regulation for something that is evolving this quickly, you’re almost always going to make mistakes.”
Rice, who served under President George W. Bush, now is a professor of global business at Stanford as well as director of the Hoover Institution, a Stanford-based public policy think tank.
