US positioned to be the crucial norm-setter in AI
Rozen & Deutsch 24 [Courtney; reporter for Bloomberg covering law and politics; and Jillian; European politics and emerging technology reporter at Bloomberg; 3/13/2024; "Regulate AI? How US, EU and China Are Going About It"; Bloomberg; https://www.bloomberg.com/news/articles/2024-03-13/regulate-ai-how-us-eu-and-china-are-going-about-it ;] s.low
Why is the US effort in focus? Since American tech companies and specialized American-made microchips are at the forefront of AI innovation, US leaders wield particular sway over how the field is overseen. Many of the participants in the Senate meetings stressed that the US should play a leading role in the shaping of global governance of AI, and some referenced China’s advancements in the field as a specific concern. Critics have raised concern about the potential for tech executives to have too much influence over legislation, creating a form of regulatory capture that could enhance the power of a few large companies and hamper efforts by so-called open-source organizations to build competing AI platforms.