The Dialogue: Capital Meets Policy

President of France said ‘we are regulating things that we have not yet produced or invented. It is not a good idea.’ CEO of CB Insights echoed the thought ‘The EU now has more AI regulations than meaningful AI companies.’ 

The questions: 

• The risk of a larger non-EU-based partner using its market power to pull high-potential EU-based AI startups out of the EU. Mistral-Ai proves that risk. Germany’s Aleph Alphi and UK-based Synthesia and StabilityAI too. 
• Voluntary flight of startups to non-EU locations including US, in search of capital, and more open to innovation policies. E.g., USA, Japan 
• EU-based startups having to develop new code bases if they wish to sell outside of the EU, which means more time, cost, and risk 
• Foundation models such as GPT-4 have been termed ‘systemic’. Has this aggressive categorization come too early? 
• Need for greater transparency. To publish publicly available summaries of training data which might affect competitiveness and IP 
• How does one go about educating citizens of how algorithmic harms happen if citizens have been given more agency to complain about AI systems. 

Speakers: 

• Hon. Caroline Pham, Commissioner, Commodity Futures Trading Commission
• Hans Koning, Global Chief Industry Specialist Digital Finance, World Bank Group
• Karmela Holtgreve, Director General Strategy & Innovation, Deutsche Bundesbank
• Stefan Klestil, General Partner, Speedinvest
• Hon. Sunil Sabharwal, President, Capitol Tunnels AI

Moderator: