We must regulate artificial intelligence. Despite the fact that we still don’t know what it can do, what the benefits might be, even who will produce the one we want to use, we must regulate:

These same principles should extend to investors funding newer entrants. Instead of bankrolling companies that prioritise novelty over safety and ethics, venture capitalists (VCs) and others need to incentivise bold and responsible product development. For example, the VC firm Atomico, at which I am an angel investor, insists on including diversity, equality and inclusion, and environmental, social governance requirements in the term sheets for every investment it makes. These are the types of behaviours we want those leading the field to set.

We must even regulate the flow of money to those who might be innovative!

Dorothy Chou is head of public affairs at Google DeepMind

Our word, we are surprised. The incumbent, worried about the insurgents snapping at its heels, suggests that the law should be used to hobble that competition. Nothing like this has ever been seen before has it? That man with the red flag in front of a newfangled automobile just never happened.

What’s worse, they may well get it too. Because the incumbents exist and so are a political pressure group whereas those who will exist are not. Nor, obviously, those who will benefit from the innovation lost because no one, as yet, knows what that will be.

Which is that basic problem with regulation, isn’t it? Those who will benefit from there being regulation are a political force, those who will benefit from there being none are not. Therefore politics naturally produces over-regulation.