Technology Policy

The rapid advancement of AI sparks excitement and apprehension, with over 1,500 state bills and numerous federal actions addressing it. However, current proposals lack a comprehensive, long-term regulatory framework to manage AI’s future implications. Unlike crises prompting past regulatory bodies, proactive oversight is needed. Establishing a national regulatory body is crucial to balance innovation with responsible development, akin to the SEC’s role in fostering robust markets, ensuring AI’s societal benefit. This requires an adaptable framework for an ever-evolving technology.

Venture capitalist David Sacks is moving from “AI and crypto czar” roles to a broader position on the President’s Council of Advisers on Science & Technology (PCAST). Having fulfilled his previous special government employee tenure, Sacks will now co-chair PCAST, advising on a wider range of technology policy and innovation. His Silicon Valley background and recent divestment of digital assets position him to shape national technology strategy, research funding, and public-private partnerships.