When the great and the good of Silicon Valley pitched up in Buckinghamshire for Rishi Sunak’s AI safety summit, they came with a simple message: trust us with this new technology. Don’t be tempted to stifle innovation by heavy-handed rules and restrictions. Self-regulation works just fine.
To which the simple response should be: remember 2008, when light-touch supervision allowed banks to indulge in an orgy of speculation that took the global financial system to the brink of collapse.
