Bill Gurley warns of ‘scary’ regulatory capture efforts in the A.I space, hails open-source efforts

Key Facts

• Bill Gurley, a well-known venture capitalist, paced onstage at an event this week and asked the audience to yell a sentence that would not normally generate excitement.
• He also noted, however, that “the safety side is not yet as salient a reason as the competitive side,” and “there are many, many companies who want to do the same thing.”
• Marc Andreessen, a general partner at VC firm Andreessen Horowitz, has railed against regulatory capture in the A.I. space, warning in June of “CEOs who stand to make more money if regulatory barriers are erected that form a cartel of government-blessed AI vendors protected from new startup and open source competition.”
• Silicon Valley notables including Andreessen, YCombinator cofounder Paul Graham, and Greylock partner Reid Hoffman have signed a statement of support for Llama 2 that reads: “We support an open innovation approach to AI.

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