Sam Altman, the CEO of OpenAI, has recently been advocating for regulation of the artificial intelligence (AI) industry in the US. Altman has declared that OpenAI believes that regulation of AI is essential, and has even offered to help policymakers get it done. However, the motives behind the call for regulation may be more about the benefits to the companies themselves, particularly incumbent firms like OpenAI, rather than the greater good. The history of federal regulation in the US, particularly during the Progressive Era, has shown that big businesses have historically initiated regulatory movements to restrain competition and maintain their market share. Moreover, the theory of regulatory capture posits that incumbent firms often use regulations to thwart competitors. The call for regulation in the AI industry may not be an exception to this rule.
OpenAI is a company that specializes in the development of AI technology. Originally founded as a non-profit organization, OpenAI has since become a for-profit corporation, partnering with industry giant Microsoft Corp.
Sam Altman is the CEO of OpenAI and a prominent figure in the tech industry. He has been advocating for greater regulation of the AI industry in the US.
