Welcome to the podcast Organized Money. You can listen to today’s episode on Apple on Spotify, or wherever you get your podcasts.
Over the last several weeks, AI regulation fever has swept Congress, with competing ideas coming from various corners of Congress and the AI giants. On the table are solutions ranging from formal bans on superintelligence to a self-regulatory regime similar to banks.
Today, David and Laurel sit down with Rep. Pramila Jayapal (WA-07) to discuss her approach. The National AI Charter Act Framework, which relies on an old but reliable method of regulating AI companies using corporate charters: “The crux of this bill is simple: if you want to be an AI company in this country, you have to obtain a public charter that has a broad set of terms and conditions to operate and ensure public benefit without the harms.” We get into her bill, a history of corporate charters, and what exactly we want in corporate regulations from AI to healthcare.
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Thank you so much for listening. If there’s a monopoly you’d like us to explore this year, or if you have anything else to tell us, please let us know by leaving a comment or by responding directly to this email.
Kudos to you guys focusing on old but effective concepts like corporate charters. Great way to attack our monopolistic business culture. And applause to Jayapal for giving them new life. Implementing these laws can’t come soon enough.