"Open"AI CEO tells Congress that his industry needs to be regulated. It does, no question.

But you can absolutely sure that what he and the other big players want is a system of regulatory capture (by them) in which they become a cartel that can't be challenged by upstarts.

https://www.reuters.com/technology/openai-chief-goes-before-us-congress-propose-licenses-building-ai-2023-05-16/

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Absolutely. Now that they are here, they’d like govt to close the door to the party.