Arlington, VA — The American Consumer Institute (ACI) Director of Technology Policy, Logan Kolas, has submitted his expert commentary in response to the Department of Justice’s (DOJ) recent call for comments on its workshop aimed at “Promoting Competition in Artificial Intelligence,” dated July 15, 2024. As the landscape of Artificial Intelligence (AI) continues to evolve rapidly, he also emphasizes the critical role that balanced government policy plays in nurturing a competitive and innovative AI sector.

Read the full comment here.

Key Takeaways

  • Prevalence of AI Development: The United States hosts over 5,500 AI-related companies established since 2013, marking it as a leader in AI innovation globally.
  • Regulatory Risks: Current legislative and regulatory measures, particularly those around data privacy, pose significant risks by potentially cementing the dominant positions of large incumbents and stifling smaller innovators due to disproportionate compliance burdens.
  • Data Access and Privacy: Effective AI development crucially relies on ample access to diverse data sets. Over-regulation in data privacy could diminish these data pools, disproportionately impacting smaller firms and startups that are already resource-strapped.
  • Impact of Policy on Competition: Well-intentioned but poorly executed competition enforcement could paradoxically reduce the competitive edge of the U.S. in the AI domain by inhibiting smaller firms’ ability to innovate and compete on a global stage.

As the federal government seeks to refine its approach to AI regulation, the American Consumer Institute stresses the importance of fostering an environment that encourages innovation and maintains the United States’ competitive stance in global technology. Legislators and regulators are urged to consider the broad economic impacts of restrictive AI policies and to adopt measures that support balanced growth across the entire AI ecosystem. Stakeholders across the tech industry are encouraged to engage in this pivotal dialogue to ensure that future regulations enhance, rather than inhibit, technological advancement and competition.

For media inquiries, please email [email protected] to inquire about the above content.

The American Consumer Institute is a nonprofit education and research organization. For more information about the Institute, visit www.TheAmericanConsumer.Org or follow us on X @ConsumerPal.

Share: