Posted 3/4/2024, 11:20:00 PM
Stock Market Rises on Expected Lack of AI Regulation, Despite Risks
- Stock market rally fueled by expectation that AI will remain unregulated despite risks
- Political gridlock makes anti-monopoly regulation of Big Tech unlikely
- Need to balance innovation and risk when regulating emerging technologies like AI
- Allowing uncontrolled AI development threatens jobs, political stability, public discourse
- Uncertainty over presidential election outcome, but Trump win seen as destabilizing for economy