this post was submitted on 10 Jul 2023
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The concepts themselves are some 30 years old, but storage capacity and processing speed have only recently reached a point where generative AI outperforms competing solutions.
But regarding the regulation thing, I don't know what was said or proposed, and this is just me playing devil's advocate: but could it be that the CEO simply doesn't agree with the specifics of the proposed regulations while still believing that some other, different kind of regulation should exist?
Certainly could be, but probably an optimistic take. Most likely they're just trying to do what corporations have been doing for ages, which is to weaponize government policy to prevent competition. They don't want restrictions that will materially impact their product, they want restrictions that will materially impact startups to make it more difficult for them to intrude on the established space.
I think if you fed your response into ChatGPT and asked it to summarize in two words it would return,
"Regulatory Capture"