The impressive and rapidly growing technology of generative artificial intelligence has many people intrigued. But also concerned.

It seems to be one of the few bipartisan issues in Washington at the moment. At least as far as that everyone seems to agree that something needs to be done by regulators to contain the use and growth of the technology.

But here’s the real question…

Can congress do anything about artificial intelligence?

Paradigm Press editor and artificial intelligence expert James Altucher puts the issue pretty concisely when he weighed in on a recent conference on Capitol Hill. James says…

“Washington held a conference last week that may have just been a waste of time…”

Well put.

He goes on to explain how, out of everyone available, our elected officials might be the least qualified group to dictate the use of this new advanced technology. James writes…

The problem comes down to the highly technical nature of AI.

If Washington regulators struggle to understand the science (or lack of science) around masks and vaccines, what chance do they ever have of understanding complex topics like perceptrons, matrix algebra, or Markov chains?

If this sounds like gibberish to you, that's the point.

Understanding AI requires deep technical knowledge. Many of Washington’s lawmakers don’t have the knowledge to comprehend it. And how can they attempt to set rules of use for a technology they don’t understand? 

From my perspective, the idea that Washington could effectively regulate AI may be slightly out of reach. 

But there is one good thing James mentions about this summit in DC. It’s a sign that artificial intelligence is here to stay. “The technology is here and it’s evolving fast”.

They may be scrambling to contain its use, it may be disruptive to the economy at first, but overall there’s one thing we know for sure…

“It shows us that, whether they can contain it or not, they know it’s not going anywhere.”

Ultimately, James and I both believe in AI’s ability to change the world and make our day-to-day lives better. 

AI is a general purpose technology, similar general purpose technologies have shown time and time again their ability to drastically alter the way we live for the better. 

Needless to say, this is an extremely exciting time to be a technology investor, there are plenty of opportunities out there and the competition only gets hotter with each passing advancement! 

Now, here are the stories I have my eye on this week…

	The Most Important Tech Company You’ve Never Heard of Is a Major Reason Computers Keep Getting Faster Few people outside of semiconductor manufacturing have ever heard of Applied Materials and its competitors—but what they do is more essential than ever to maintaining the global pace of technological progress. Read more…
	How Much Cybersecurity Expertise Do Boards Really Have? New research suggests the answer is: not much. Read more…
	The UN thinks AI can be a force for good—with the right rules The secretary general’s office gave more details about a vision for global governance of the tech. Read more…
	Senators ask tech billionaires: What’s up with AI? The first of Schumer’s bootcamp sessions on the technology kicked off this week. Read more…
	Now you can speak to ChatGPT — and it will talk back You can now speak aloud to ChatGPT and hear the artificial intelligence-powered chatbot talk back. Read more…