Regulate emerging technologies early to prevent a "Wild West" scenario.
Waiting to regulate can entrench incumbents who can handle the new rules, like with 23andMe and direct-to-consumer genetic testing.
Early regulation promotes a more level playing field, forcing smaller startups to consider liability and insurance from the beginning.
This approach mitigates wide-scale risks and avoids favoring large companies that can easily adapt later on, such as Amazon's case with seller liability.
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At a recent conference co-hosted by Lawfare and the Georgetown Institute for Law and Technology, Fordham law professor Chinny Sharma moderated a conversation on "Old Laws, New Tech: How Traditional Legal Doctrines Tackle AI,” between NYU law professor Catherine Sharkey, Ohio State University law professor Bryan Choi, and NYU and Cornell Tech postdoctoral fellow Kat Geddes.