How Google and Microsoft’s push for regulation could stifle competition

The push by Big Tech companies such as Microsoft and Google to regulate artificial intelligence could stifle competition and hinder innovation…

The most prominent companies are the ones forming the rules that will rein in their business and those who could be their future competitors.

“The world we live in now is one where Microsoft and OpenAI are going to lead a charge for some sort of regulation,” Adam Thierer, senior fellow at the R Street Institute, told the Washington Examiner….

The newly proposed rules would “crush not only new entrants but absolutely decimate open source software providers of AI systems; there’s just absolutely no way they could comply with the sort of regime that Microsoft and OpenAI are talking about,” Thierer argued…