By most metrics, the artificial intelligence industry is thriving. As of last year, it had attracted about $150 billion in private investment. Goldman Sachs Research estimates that generative AI could boost global gross domestic product by $7 trillion over a decade. User numbers are surging, corporate adoption is rising and new models seem to exceed performance benchmarks by the day.
Given this success, is it wise to put 50 different US statehouses in charge of regulating the AI revolution?
Slowly but surely, that’s exactly what’s happening. In 2024, state lawmakers introduced some 600 AI-related bills; so far this year, they’ve introduced more ...