The US should not regulate most AI, letting the tech mature for positive uses, to avoid favoring incumbents, killing startups, and forcing the industry overseas
that we've been living in an era of overregulation, which harms innovation and ossifies incumbents — is spot on But I disagree with his first example, regarding the Telecommunications Act of 1996 (TCA) Bill Gurley / @bgurley : Thanks to @friedberg & @theallinpod for inviting me to speak. One key phrase from Stigler is so important, “... leading to a net loss for society.” It's not just that these lobby efforts have undo influence, its that this influence causes specific harm to society. @apompliano : “The reason Silicon Valley has been so successful is because it is so f**king far away from Washington DC” [video] Sid Powell / @syrupsid : Worth watching @bgurley. Whenever i attend a crypto conference, I hear that institutions are “waiting for regulation”. Why? Well, watch this Bill Gurley's insights on regulation resonate deeply. At crypto events, we're told “more regulation = more trust.” But new rules often... Misha Saul / @misha_saul : GPs now largely exist as a function of regulatory hangover + social support nodes (not health experts) “models such as Med-PaLM2 from Google now outperform medical experts to the point where training the model using physician experts may make the model worse.” [image] @theallinpod : All-In Summit: 2,851 Miles with @bgurley “The best talk in the history of All-In... and we need to get it out there immediately so it can start going viral.” - David Sacks, @allinsummit 📷 https://www.youtube.com/... LinkedIn: Allan Thygesen : Fantastic provocative talk by legendary VC Bill Gurley on regulatory capture in the US. Really worth spending 25 min to watch and listen. … David Roberts : If this speech by Bill Gurley gets you fired up, I encourage you to get in the (political) arena. Thanks to David Friedberg, Chamath Palihapitiya …
All-In Summit: 2,851 Miles with @bgurley “The best talk in the history of All-In... and we need to get it out there immediately so it can start going viral.” - David Sacks, @allinsummit 📷 https://www.youtube.com/...
This is the best, most interesting and saddest (!) presentation I have witnessed at any conference. Hard to be all three. @bgurley torches the political class and calls out some superior forms of corruption he's witnessed during his business career. Must. Watch.
Gov't at its best creates the conditions for success & lets private markets compete. At its worst it coerces, picks winners, & hurts consumers. The right balance is tricky - @bgurley brilliantly reminds us about the dangers of reg capture & the value of competition. Epic. 🇺🇸🚀
In general this was a fantastic talk by @bgurley The core point — that we've been living in an era of overregulation, which harms innovation and ossifies incumbents — is spot on But I disagree with his first example, regarding the Telecommunications Act of 1996 (TCA)
Thanks to @friedberg & @theallinpod for inviting me to speak. One key phrase from Stigler is so important, “... leading to a net loss for society.” It's not just that these lobby efforts have undo influence, its that this influence causes specific harm to society.
Worth watching @bgurley. Whenever i attend a crypto conference, I hear that institutions are “waiting for regulation”. Why? Well, watch this Bill Gurley's insights on regulation resonate deeply. At crypto events, we're told “more regulation = more trust.” But new rules often...
Strongly agree with @eladgil on AI regulation, most pushing for it either are aiming for regulatory capture or don't understand how regulation often creates more harm than good. https://open.substack.com/...
GPs now largely exist as a function of regulatory hangover + social support nodes (not health experts) “models such as Med-PaLM2 from Google now outperform medical experts to the point where training the model using physician experts may make the model worse.” [image]