FEDERAL AGENCIES SHOULD STAY IN THE BACK SEAT FOR AI STANDARD SETTING.

This comment is in response to the National Institute of Standards and Technology’s (NIST) request for information on artificial intelligence (AI) standards.

Even in the event of the market failing to provide the optimal level of the right standards, it does not imply that active government involvement would lead to a better outcome. In fact, as is well studied in the literature, government failure in standard setting is a possibility that should not be overlooked.

Stanford economist Paul David, known internationally for his contributions in the economics of science and technology, famously coined the risk of government failure in standard setting as the Blind Giant’s Quandary. Read More

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