April 17, 2018
The British House of Lords recently published a report on artificial intelligence, which includes policy recommendations that would hamper the development of AI domestically and antagonize foreign innovators. Parliament would do better to focus on removing the barriers currently in place, rather than developing new ones.
April 16, 2018
There is a lot of panic about the implications of artificial intelligence technologies for the future of work. Some scholars, such as Nobel laureate Joseph Stiglitz have suggested that AI will exacerbate inequality, and the infamous 47% of jobs being automated statistic still resonates. President Trump has endorsed this techno-panic, especially with his opposition to Amazon’s innovativeness, and his appeals to the rust belt, whose workers have been displaced by technology and globalization...
April 11, 2018
Facebook is not a tool designed to violate privacy nor fan the flames of hate, but it and other social media platforms have been some of the most transformative innovations in recent memory. Neglect of the benefits that Facebook has conferred may lead to the “danger that Congress will rush in and over-regulate” as mentioned by Sen. Orrin Hatch (R-UT) yesterday.
March 26, 2018
Anti-technology hysteria continues to build in the European Union. Margrethe Vestager, the European Commissioner for Competition, confirmed today that she is still considering breaking up Google into smaller companies, ostensibly to protect online competition. This follows the Commission’s proposals for “Fair Taxation of the Digital Economy” that appeared on March 21st, which seek to redefine where profits for digital companies are registered and subject to corporate taxation, as well as introducing a new “interim tax” on revenues to generate more money for the Commission’s coffers.
March 20, 2018
Automation has become somewhat of a dirty word recently. Fear of mass unemployment and widening inequality has led to calls for greater regulations of technology companies, expanded programs of redistribution, and even a “robot tax” to discourage adoption of labor-saving technologies. These fears, however, focus too much on the short-term disruption that creative destruction brings, ignoring the long-term opportunities for human advancement that comes along with it.
March 9, 2018
As more and more services move into platform business models as the lower transaction costs they facilitate increase consumer welfare, platform firms need assurance that the law understands how they operate, and does not unfairly hinder their development. While much more needs to be done to improve the regulatory environment for these companies, acknowledging the competitive structure of two sided markets is a significant step in the right direction.
February 8, 2018
Calls for regulatory action against big tech firms, including Amazon and Google parent company Alphabet, have intensified after they reported record profits. The case against these companies, however, is on shaky ground.