As a result, they yield to ever-greater political and economic power of the big tech companies, and pay mere lip service to meaningful regulation. The only binding requirement on AI companies is a reporting requirement if they exceed a certain threshold of computational intensity. What's more likely in the meantime is that without meaningful regulation, AI will make our corporate overlords even stronger. Far from liberating us from precarity, the AI revolution will intensify inequality and corporate power. We should remind ourselves what a more historically normal trajectory of AI regulation might look like.
