AI Startups Concerned New Regulations Could Stifle Innovation
• AI companies worried Biden administration regulations will crush small startups and disadvantage US vs China
• Major players like Nvidia facing restrictions on sales to China, hurting revenue
• Large tech giants like Microsoft able to absorb regulatory costs more easily than startups
• Voluntary AI commitments to Biden administration seen as opening door to private enforcement
• Dysfunctional policymaking in DC means informal tactics like jawboning more likely to govern AI