The Right and Wrong Way to Regulate AI

Rachel Lomasky

Chief Data Scientist

December 18, 2024

About this blog

Challenges of Regulating AI: Strict regulations risk stifling AI innovation and growth, while balancing ethical and safety concerns requires frameworks adaptable to varied AI systems and use cases.

Bias and Accountability Issues: AI biases often stem from societal data patterns, and ensuring transparency and accountability in complex AI workflows is technically challenging.

Impact of Overregulation: Excessive regulation could push companies to relocate, discourage investment, and hinder smaller players, while bad actors may evade compliance altogether.

Need for Flexible Frameworks: An agile, voluntary certification system led by industry experts can establish realistic standards, allowing for both safety and innovation.

Balancing Innovation and Safety: Flexible certifications empower organizations to experiment with AI responsibly, creating guardrails for high-risk systems without stifling low-risk innovation.

This week, I explore why governments should not regulate AI.

The article is in Civitas Outlook, the online journal of the Civitas Institute at UT Austin, which publishes original writing about the ideas that create flourishing societies. You can read it at: https://www.civitasinstitute.org/research/the-right-and-wrong-way-to-regulate-ai

Rachel Lomasky

Chief Data Scientist

About

Rachel

Rachel Lomasky is the Chief Data Scientist at Flux, where she continuously identifies and operationalizes AI so Flux users can understand their codebases. In addition to a PhD in Computer Science, Rachel applies her 15+ years of professional experience to augment generative AI with classic machine learning. She regularly organizes and speaks at AI conferences internationally - keep up with her at her LinkedIn here.

About Flux

Flux is more than a static analysis tool - it empowers engineering leaders to triage, interrogate, and understand their team's codebase. Connect with us to learn more about what Flux can do for you, and stay in Flux with our latest info, resources, and blog posts.