AI versus GMO Political leaders gathered in Bletchley Park at the invitation of UK Prime Minister Rishi Sunak and agreed to a global dialogue on regulating artificial intelligence. There was a similar meeting in Hong Kong. They want AI businesses to include responsibility in their models, and an international system of security alerts and information sharing to prevent harmful viral events. There are also national AI regulatory actions occurring. Big companies like regulation because it slows the effort by any smaller upstarts unable to bear its costs. Regulators must be careful because AI is expected to increase economic growth at lower labor rates and self-improve capital allocation. Over-regulation will stymie these benefits.  At...

TAGS – North America, Macroeconomics