The debate over whether governments should regulate artificial intelligence is one of the most consequential policy questions of our time. The pro-regulation camp argues that AI poses existential risks that the market cannot self-correct — from deepfake disinformation to autonomous weapons to algorithmic bias — and that without government guardrails the technology will be developed and deployed in ways that cause irreversible harm. The EU has already passed the AI Act, the most comprehensive AI regulation in the world. The anti-regulation camp argues that heavy-handed regulation will stifle innovation, cede AI leadership to China which faces no such restrictions, and that governments are fundamentally incapable of regulating technology they do not understand. Should governments regulate AI?
