But we should start on the data side and not the compute/action side.
The current worst excesses stem from a lack of transparency and access into data backing a given system.
Meaningful data privacy & ownership reform would curtail these and still permit innovation.
That being said, regulating the producer of the LLM technology seems like the wrong approach compared to regulating the outcome. OpenAI asking to block new entrants is the surest sign I've seen that they don't believe their moat is all that deep.
In practical terms, Google got its initial moat because it would cost X dollars and take Y time to catch up to them. There were only 2-3 firms who could plausibly pursue this in the 2000s. The claim that AI firms will either become commoditized or that they will have to spend X billion per year in ads to maintain their edge is not unfounded.
Why?
And if it's dangerous enough, the Second.
I won't argue that the incentives for regulators aren't really messed up.
But I argue that AI is different from just about any tech we've ever created because of:
* its potential to destroy vast number of jobs faster than any previous kind of tech. * its ability to destroy those jobs permanently and thoroughly. To not leave any space left where humans can provide more value than machines. * its ability to vastly accelerate the development of many other kinds of technology, good and bad, and destabilize our already unstable society further. * its potential, not that far off, to eventually think, make decisions for itself, and have its own goals which may conflict with humanity. All the existential risk stuff.
(1) https://astralcodexten.substack.com/p/heuristics-that-almost...
Regulating emerging tech only benefits the incumbents.
On a side note, that guy used to be a state attorney general before he became a senator which is not an uncommon trajectory unfortunately, his kind (prosecutors) aren't equipped to formulate meaningful laws and regs they're mindset is that of banning things outright and supporting prosecution and long prison sentences to generate headlines and further their careers.