AI Industry Leaders Sign Statement Asking Government to Regulate AI Industry Leaders

Industry leaders signed a document requesting that someone else be required to do what they say they are already doing voluntarily. The government has not yet reviewed previous systems. This government will not review these systems faster. Speed is not the constraint.

Companies request regulation of their own sector when regulation is inevitable and self-imposed rules are cheaper than imposed ones. The signatories benefit from regulatory barriers that smaller competitors cannot afford. This pattern is documented. Documentation does not prevent repetition.

Oversight legislation will pass. It will resemble the statement. The companies will comply with compliance mechanisms they helped design. The report predicting this outcome was circulated in 2019. The people who would have read it are now in other roles. This is also documented.