The dialogue: Capital meets policy

President of France said ‘we are regulating things that we have not yet produced or invented. It is not a good idea.’ CEO of CB Insights echoed the thought ‘The EU now has more AI regulations than meaningful AI companies.’

The questions:
- The risk of a larger non-EU-based partner using its market power to pull high-potential EU-based AI startups out of the EU. Mistral-Ai proves that risk. Germany’s Aleph Alphi and UK-based Synthesia and StabilityAI too.
- Voluntary flight of startups to non-EU locations including US, in search of capital, and more open to innovation policies. E.g. USA, Japan
- EU-based startups having to develop new code bases if they wish to sell outside of the EU, which means more time, cost, and risk
- Foundation models such as GPT-4 have been termed ‘systemic’. Has this aggressive categorization come too early?
- Need for greater transparency. To publish publicly available summaries of training data which might affect competitiveness and IP
- How does one go about educating citizens of how algorithmic harms happen if citizens have been given more agency to complain about AI systems.