Topline: With growing calls for AI regulation, AEI’s Will Reinhart writes that our social and legal framework is struggling to keep up with the pace of AI businesses—an idea known as the “pacing problem.”
What is the Pacing Problem? As technological innovation increases, social and political frameworks struggle to catch up. Over time, the gap between technological capability and societal capability grows.
Regulation Risks: Even as the AI landscape changes rapidly, regulators still might not have all the knowledge needed to make impactful rules regarding AI. A regulation’s comprehensive value includes immediate impact and future application.
“There’s value in maintaining the flexibility to respond effectively when we actually understand what needs to be regulated.” —Will Reinhart
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