InsideWis: It’s not possible to put AI genie back in the bottle, but reasonable oversight is

AI graphic

By Tom Still

MADISON, Wis. – Nvidia became the world’s most valuable public company for a few days this month – yes, more valuable than even Microsoft and Apple – for one major reason: The boom in generative artificial intelligence means there has been a surge in demand for Nvidia’s “graphic processing units,” which are chips that make it possible to create entire AI systems.

Two years ago, the markets valued Nvidia at $400 billion. On June 18, it surpassed $3 trillion, a sign those markets know AI is here to stay and likely over time to spur productivity gains in industries that range from manufacturing to agriculture, from fast food to marketing, and from telecommunications to security.

What goes up in financial markets often comes down, of course, which can happen in coming years if market forays into finding uses for AI don’t pan out as dramatically as expected. Predicted uses are so broad, however, that chances for widespread adoption of AI over the next five years have even skeptics wondering how far it might go.

None of that is stopping many states from pondering and even passing legislation which – if done in haste or a sense of panic – could crimp innovation in the name of public protection.

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