• Some people are worried about the potential risk of the United States, various Western liberal democracies falling behind other nations like notably China, but also people bring Russia into the conversation once in a while.
  • These authoritarian nations that might use artificial intelligence for bad intents, and we want to, a lot of people are very concerned that if we don't stay ahead, that will lead to a world where things look a lot more like authoritarian China and less like liberal United States.
  • One of the policy prescriptions, of course, that a lot of people are mulling and considering and we're seeing a manifestation of this in the CHIPs Act is industrial policy, trying to use the centralized authority and resources of the United States government to try and bootstrap this process and ensure that we continue to have a lead in artificial intelligence.
  • However, the problem with this is that this stuff, as we've been learning, like every other day, is changing all the time. GPT4 came out yesterday, right? A couple months before that, we saw CHAT GBT, which on its own was a huge splash. Months before that, we saw stable diffusion, Dolly, all these other innovations.
  • This is just changing constantly and the types of technologies involved in these conversations are wildly changing.
  • And so if I think this is a situation in which it's very hard to see industrial policy working, especially if you get into the nitty gritty of industrial.

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