Capitalisn't
Who Controls AI? With Sendhil Mullainathan
Dec 21, 2023
Prof. Sendhil Mullainathan discusses the firing and rehiring of OpenAI CEO Sam Altman, governance of AI and innovation, regulating AI in comparison to the nuclear industry, profit vs. non-profit strategies in AI, citizen governance in various sectors, expressing viewpoints and regulating competition in the AI field, AI as a winner-takes-all business, and Larry Summers' stance on technology and AI.
52:00
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Quick takeaways
- The AI market is not monopolistic, but rather highly competitive, with open competition and the ability for multiple players to develop AI technologies.
- Effective governance and regulation is necessary to ensure responsible use of AI and prevent undesirable consequences, posing questions about the best mechanisms for governance in the context of AI and innovation.
Deep dives
The Distortion of Open AI and the Market Structure
The speaker addresses the misconception that the AI market is monopolistic or oligopolistic when it is actually a free-for-all. The idea that open AI's behavior can be controlled to prevent others from developing is challenged, highlighting the wide competition in the market. The need for effective governance of AI and innovation is explored, questioning the role of capitalism and the control of innovation. The speaker emphasizes the importance of considering the broader market structure and the potential challenges and opportunities it presents.
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