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Meh, think of this way. It fills multiple needs:
  • Biden administration gets to posture they're doing something about AI
  • Incumbents now have a legal framework to manipulate and lobby to their own advantage
  • Incumbents also more protected from upstarts who have a harder time affording compliance costs
  • The added layers of regulatory complexity creates (value-destroying) jobs for politicians' lawyer buddies
Everyone wins, right? Except for actual quality of product and value to society.
The Noble lie also fits. I mean I use that as a lens to view these things as well.
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I don't disagree. What I am doing is taking them literally. What you are doing (and what I think as well) is thinking about the game theory behind it. You nailed it. What you described is why we can't have nice things.
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