"If you start picking winners and losers because you're invested in certain companies and not in others, it's going to basically shoulder out all the most innovative, small companies from becoming competitive, because we as a government will become protectionist of the businesses that we have ownership in"
"We have to be very careful that we don't market ourselves out of world competition. That's very important. We want to be the industry standard. We want to make sure we're out in front. We're able to sell our most basic stuff."
The United States needs a free-market approach to ensure a robust, competitive artificial intelligence sector. Federal ownership stakes in select technology firms can create unfair market practices and protectionism that block smaller innovators from competing. Government investment that picks winners and losers risks sidelining the most innovative companies and reducing competition. Reports indicate negotiations for government investments in leading quantum computing companies and potential financial arrangements tied to chip sales to China. The global diffusion of American AI stack components should be encouraged so the United States can set industry standards and outpace China. Light-touch regulation is preferred to maintain U.S. competitiveness in AI and quantum technologies.
#ai-policy #free-market #government-tech-investment #us-china-tech-competition #light-touch-regulation
Read at Nextgov.com
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