Big Tech Wants AI Regulation. The Rest of Silicon Valley is Skeptical.

After months of high-level meetings and discussions, government officials and Big Tech leaders have agreed on one thing about artificial intelligence: The potentially world-changing technology needs some ground rules. But many in Silicon Valley are skeptical. WashingtonPost: A growing group of tech heavyweights -- including influential venture capitalists, the CEOs of midsize software companies and proponents of open-source technology -- are pushing back, claiming that laws for AI could snuff out competition in a vital new field. To these dissenters, the willingness of the biggest players in AI, such as Google, Microsoft and ChatGPT maker OpenAI to embrace regulation is simply a cynical ploy by those firms to lock in their advantages as the current leaders, essentially pulling up the ladder behind them. These tech leaders' concerns ballooned last week, when President Biden signed an executive order laying out a plan to have the government develop testing and approval guidelines for AI models -- the underlying algorithms that drive 'generative' AI tools such as chatbots and image-makers.

'We are still in the very early days of generative AI, and it's imperative that governments don't preemptively anoint winners and shut down competition through the adoption of onerous regulations only the largest firms can satisfy,' said Garry Tan, the head of Y Combinator, a San Francisco-based start-up incubator that helped nurture companies including Airbnb and DoorDash when they were just starting. The current discussion hasn't incorporated the voices of smaller companies enough, Tan said, which he believes is key to fostering competition and engineering the safest ways to harness AI. Companies like influential AI start-up Anthropic and OpenAI are closely tied to Big Tech, having taken huge amounts of investment from them.

'They do not speak for the vast majority of people who have contributed to this industry,' said Martin Casado, a general partner at venture capital firm Andreessen Horowitz, which made early investments in Facebook, Slack and Lyft. Most AI engineers and entrepreneurs have been watching the regulatory discussions from afar, focusing on their companies instead of trying to lobby politicians, he said. 'Many people want to build, they're innovators, they're the silent majority,' Casado said. The executive order showed those people that regulation could come sooner than expected, he said. Casado's venture capital firm sent a letter to Biden laying out its concerns. It was signed by prominent AI start-up leaders including Replit CEO Amjad Masad and Mistral's Arthur Mensch, as well as more established tech leaders such as e-commerce company Shopify's CEO Tobi Lutke, who had tweeted 'AI regulation is a terrible idea' after the executive order was announced.

Read more of this story at Slashdot.