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AI Policy Could Make or Break the Technology

November 4, 2024 By Richard C. Young

By Bartek @ Adobe Stock

Artificial intelligence (AI) has the power to do amazing things, but if governments regulate the technology with bad policies, the power of AI could be snuffed out. The Cato Institute is holding a conference today and tomorrow at its Washington, DC offices titled “Understanding AI and AI Policy in 2024 and Beyond.” The think tank explains the event, writing:

Over the past two years, much of the conversation around technology has been focused on artificial intelligence (AI). While AI may have increased in popularity and already been used in a wide array of products, we are still only just discovering many of its beneficial applications.

AI is much more than popular products like ChatGPT and is truly saving and changing lives in fields like medicine and disaster response. But as we’ve seen in Europe, the wrong policy approach could prevent the development or deployment of many of these beneficial products.

Among the questions to be addressed are: How has policy supported or hindered US innovators and consumers in developing and accessing AI? What lessons might we learn from the policy approaches to past general-purpose technologies? Where does AI and AI policy go next?

This policy forum will start with a fireside chat with Rep. Jay Obernolte (R‑CA), a leading voice on AI policy and co-chair of the House Task Force on Artificial Intelligence.

Following that conversation, a panel of policy experts will discuss the future of AI, the potential impact of policy on this innovation, and more.

Read more here.

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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