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    Regulatory capture and the case for independent AI oversight

    One post argues that AI regulators must be fully independent, set their own tests and procedures, and answer to the American public—not the companies they oversee.

    BG
    1 Source, 15d ago, first seen 15d ago

    TLDR

    The post’s author is skeptical of regulation, calling it difficult to get right and vulnerable to regulatory capture. The author says investigations into the 737 Max crashes and Fukushima accident identified capture as the failure behind those incidents. Applied to AI safety, the argument is that oversight cannot rest with a friendly third party with close industry ties. Regulators should instead be fully independent, devise their own tests and procedures, and have authority over companies while remaining accountable to the American public.

    Combined views

    71.6K

    1 Source, first seen 15d ago

    Combined views

    71.6K

    1 Source, first seen 15d ago

    940 likes
    940 likes
    115 comments
    154 saves
    90 reposts

    Sentiment

    Positive——Negative

    Summary

    Not enough discussion yet.

    No sentiment analysis available yet.

    115 comments
    154 saves
    90 reposts

    Sentiment

    Positive——Negative

    Summary

    Not enough discussion yet.

    No sentiment analysis available yet.

    1 Source

    @bgurleyI'm not of fan of regulation for two reasons - 1) its hard to get right, and 2) its highly susceptible to regulatory capture. That said, if we insist on doing it, we should try to get it correct. As "safety" seems is the primary goal of this AI regulation exercise, I wanted to share that I recently went deep on both the 737 Max (2 crashes) and Fukushima accidents. In both cases, the investigations led to a conclusion that "regulatory capture" was the EXACT failure that led to both safety incidents. Boeing/FAA and Tepco/NISA. As a result, with safety as the #1 goal, the regulator MUST BE someone with authority and accountability "over" the regulated company. The idea that it could be a friendly third party with lots of cross-relationships is structurally broken idea. Ask Mr. Kiyoshi Kurokawa. If we insist on doing this the regulator (1) needs to be 100% independent, 2) the "tests" and "procedures" need to come for the regulator not the company, and (3) the regulator needs to understand their responsibility is to the American people. They need to feel the authority over the regulated company and the responsibility to the nation. It's imperative. Or it will fail.

    1 Source

    @bgurleyI'm not of fan of regulation for two reasons - 1) its hard to get right, and 2) its highly susceptible to regulatory capture. That said, if we insist on doing it, we should try to get it correct. As "safety" seems is the primary goal of this AI regulation exercise, I wanted to share that I recently went deep on both the 737 Max (2 crashes) and Fukushima accidents. In both cases, the investigations led to a conclusion that "regulatory capture" was the EXACT failure that led to both safety incidents. Boeing/FAA and Tepco/NISA. As a result, with safety as the #1 goal, the regulator MUST BE someone with authority and accountability "over" the regulated company. The idea that it could be a friendly third party with lots of cross-relationships is structurally broken idea. Ask Mr. Kiyoshi Kurokawa. If we insist on doing this the regulator (1) needs to be 100% independent, 2) the "tests" and "procedures" need to come for the regulator not the company, and (3) the regulator needs to understand their responsibility is to the American people. They need to feel the authority over the regulated company and the responsibility to the nation. It's imperative. Or it will fail.
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