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9 postsNews w/ @nancook Trump officials are weighing plans to create an independent regulator to vet AI models, styled after FINRA. This is likely to offer AI labs more regulatory certainty and a greater say over what will be included in reviews. https://www.bloomberg.com/news/articles/2026-07-17/us-considers-creating-finra-like-watchdog-to-vet-top-ai-models?utm_source=website&utm_medium=share&utm_campaign=copy
Treasury Secretary Scott Bessent has helped develop a proposal for an independent regulatory agency to oversee frontier AI models, modeled on FINRA, that would report to the Securities and Exchange Commission.
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News w/ @nancook Trump officials are weighing plans to create an independent regulator to vet AI models, styled after FINRA. This is likely to offer AI labs more regulatory certainty and a greater say over what will be included in reviews. https://www.bloomberg.com/news/articles/2026-07-17/us-considers-creating-finra-like-watchdog-to-vet-top-ai-models?utm_source=website&utm_medium=share&utm_campaign=copy
This govt agency’s will be used to ban Chinese models with very high probability. Today US citizens cannot purchase Chinese cars that are twice as good, way more creative and half in price. They would have solved part of the huge oil problem but instead they get banned because they would completely decimate dinosaur US car industry and fake jobs in unions. The end result is that people in US must pay exorbitant prices for a highly incompetent industry with little choice. This is what typically happens in 3rd world countries. They have industries that don’t make any progress and highly incompetent for decades and decades but enriching those people in govt agencies and people they protect from competition. This might be first steps towards regulatory capture of AI. This is sad.
Treasury Secretary Scott Bessent has helped develop a proposal for an independent regulatory agency to oversee frontier AI models, modeled on FINRA, that would report to the Securities and Exchange Commission.
“Look at me, I’m the Eurocrat now!”
Treasury Secretary Scott Bessent has helped develop a proposal for an independent regulatory agency to oversee frontier AI models, modeled on FINRA, that would report to the Securities and Exchange Commission.
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