Government Interventions and Regulations

While many industry leaders argue that government interventions and regulation will limit innovation, this is not always true. Government regulation of automobile safety and fuel efficiency was an enormous stimulant to innovation, producing benefits for the public and the car manufacturing companies. Government projects and funding of academic research can do much to accelerate development of new technologies such as HCAI. International competition to lead AI and HCAI research generates large national investments directed at national priorities like security, healthcare, business success, and societal problems. European efforts lead the way in protecting the right to an explanation, triggering extensive research in explaninable AI, while China’s Social Credit System tracks individual reputations. Although past US White House reports sought to avoid regulation, federal agencies have increasingly found useful ways to regulate and support key industries.