AI is hardly the first industry where the big guys demanded regulation
Rahm Emanuel over the weekend asserted that it was historic — unprecedented — that the CEOs of the biggest artificial intelligence companies want federal regulation of AI.
TL;DR
- Rahm Emanuel claims it's unprecedented for major AI companies to want federal regulation.
- The article argues that large corporations frequently lobby for regulation to gain a competitive edge.
- Examples include Philip Morris supporting tobacco regulation, Walmart backing employer mandates, hospitals supporting Obamacare regulations, and Big Pharma cooperating on Obamacare.
- These instances suggest that companies seek regulation when it serves their interests and disadvantages smaller competitors.