Regulatory Markets: The Future of AI Governance

Understand

Appropriately regulating artificial intelligence is an increasingly urgent and widespread policy challenge.

• We identify two primary, competing problem.
• First is a technical deficit: Legislatures and regulatory face significant challenges in rapidly translating conventional command-and-control legal requirements into technical requirements.
• Second is a democratic deficit: Over-reliance on industry to provide technical standards fails to ensure that the many values-based decisions that must be made to shape AI development and deployment are made by democratically accountable public, not private, actors.