The Focus on ChatGPT Is Missing the Forest for the Tree: New AI Models Are Really, Ridiculously Powerful Part - 2

Big Tech is going to have to live with more regulation but … regulators have to be wary about killing the goose that laid the golden egg, said University of Michigan law professor Daniel Crane.

“I think many people would rather work on a new problem than a settled problem. Here, there is a lot more opportunity to work on unsettled legal and policy questions, said Adam Kovacevich, CEO of Chamber of Progress.

AI's history includes the 'AI winter' in the mid-1970s to mid-1980s, marked by reduced interest and funding due to unmet expectations. This period shifted focus from mimicking human intelligence to specific AI applications, emphasizing realistic expectations and sustained investment. Lessons from this era remain relevant for today's AI advancements.

Amazon wants you to know that it really cares about AI.

“Don’t exaggerate what your AI can do. And what the FTC means by this is that your performance claims have to have scientific support behind them, artificial intelligence expert Cara Hughes said at a webinar Thursday on the regulatory risks around AI.

While evolving AI models are likely to bring their own set of changes to the insurance industry, such as the creation of new, AI-bespoke policies, until then, companies will have to rely on a portfolio of insurance products for coverage.