How AI regulations can harm innovation
ICLE Senior Scholar in Competition Policy, Lazar Radic, was cited in a piece by Mark H. Goldberg discussing how DeepSeek shows why regulators may be getting it wrong. Read full story here.
Last July, I wrote about Canada taking pride in being among the first countries to develop AI regulations with its Artificial Intelligence and Data Act (AIDA). I commented that being first isn’t necessarily the best, especially when Canadians might lose out on access to innovative technologies. If the choice is between getting AI regulation right, or getting regulation right now, was there really a need for AI regulations right now, at the expense of regulating AI right?
The July post included a reference to where I argued against technology specific legislation.
I noticed that last week, Canada signed the Council of Europe Framework Convention on Artificial Intelligence and Human Rights, Democracy and the Rule of Law.
Recently, Lazar Radic of the International Center for Law & Economics had an interesting piece, writing that “DeepSeek Shows Why Regulators May be Getting AI Wrong”.
He argues that AI is evolving faster than regulation. In December, a number of international competition agencies issued a joint statement warning “that firms with existing market power in digital markets could entrench or extend that power in adjacent AI markets or across ecosystems”. The agencies, representing the US, the EU and the UK, said: “Given the speed and dynamism of AI developments, and learning from our experience with digital markets, we are committed to using our available powers to address any such risks before they become entrenched or irreversible harms.”