Regulation boosts innovation - “what in the … ?!?“ I hear you say. It sounds counter-intuitive, but only until you stop and think how commercially driven innovation really works. Regulation doesn’t affect the mad professor in her chamber, she can continue to innovate in her lab or garage all she wants. It’s only until you want to bring your productized innovation to the market when policy kicks in.
There are roughly two types of companies who live or die from R&D; the big tech companies, and the small startups. In both cases, the CEO and CFO will think carefully what the CTO is allowed to spend money on. When it comes to emerging technologies, this consideration is even more careful.
Big tech companies have more muscle to take on technology risk, so they may invest in futuristic research even before there are any public policies in place. The startups and their investors, however, cannot.
So, the more clarity there is on public policies affecting regulation, education, or national budgets, the better strategies and roadmaps governments have, the better for the inventor.
This week I had the opportunity to talk about this with someone who knows what EU’s AI Act is all about. Meeri Haataja, the CEO and Co-Founder of Saidot explains the ins and outs of the European Union’s approach to Artificial Intelligence, and what her company does to enhance the use of Responsible AI.
Download ‘Deep Pockets with Petra Soderling’ podcast on your Apple podcast app, Spotify, Amazon Music (Alexa), or any podcast app. Full episode with shownotes also available here.
From the Archives
Finland and AI - FREE Chapter
FREE chapter from my book Government and Innovation - the Economic Developer’s Guide to Our Future.
This chapter is from Section Two where I lay out five example countries and technologies, and uncover how these countries became the economic success stories they are in their chosen emerging tech strategies.
The countries and technologies are Brazil and Agriculture, Canada and Quantum, Finland and Artificial Intelligence, Italy and Space Technologies, and South Korea and Displays.
I interviewed Meeri Haataja also for this story, as she was part of the team creating Finland’s unique AI strategy.
To download full audiobook, please go to Audible.
CYBER, AI, QUANTUM: THE TRIO OF INVISIBLE THREATS with Danika Hannon.
This is from Deep Pockets Season 2, Episode 9. From the shownotes:
“Our modern society may need more cyber security experts than soldiers.” What do you think of this sentence? Thought-provoking? Our guest, the multitalented Danika Hannon, gives us the lay of the land of the fascinating world of cyber security, where AI and quantum are adding new layers of challenges. Even though the cyber security industry is increasingly critically important to individuals, companies, and societies, it is in a serious shortage of skilled professionals.
AI in our network
AI and Quantum, follow Dr. Bob Sutor
AI and Quantum, follow Brian Lenahan
AI and Intellectual Property, follow Dr. Benjamin Delsol
AI and the White House, follow Matthew Versaggi