VC firms working with D.C. to “self-regulate” AI startup investing

(Axios) A group of venture capital firms is working with the U.S. Commerce Department to develop “responsible AI” guidelines for themselves and their portfolio companies, Axios has learned.

Why it matters: This effort is designed to cover thousands of current and future startups, whereas most other AI self-regulation talks have been limited to Big Tech companies and major AI model vendors.

  • It’s also an attempt to correct for the “move fast and break things” philosophy that drove the rise of social media technologies, without considering second or third-order effects.

Read more here.

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