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AI and Regulation: Finding the Sweet Spot for Consumer Welfare | with Keith Chan
Game Changer - the game theory podcast
The Importance of Preferences in Chat GPT Regulation
Countries' policies on chat GPT and other generative AI platforms depend on their preferences, whether they prioritize domestic innovation or rely on foreign competitors. If they want their own version of chat GPT, turning a blind eye is important to reduce obstacles for the AI industry. If they don't mind relying on foreign platforms, enforcing current regulations should suffice. However, if they prioritize national security and fear data collection by foreign competitors, they should foster domestic innovation while still considering regulations. Game theory offers different prescriptions based on regulators' preferences.
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