Google Executive Kent Walker Calls for Industry-Specific AI Regulation Instead Of One Size Fits All
Portfolio Pulse from Anusuya Lahiri
Google executive Kent Walker has called for industry-specific AI regulation, advocating a hub-and-spoke method for various sectors to manage technology independently. He dismissed the idea of a universal solution, comparing it to having a 'department of electricity'. Walker also expressed concern that premature or rigid regulations could stifle innovation. He favors collaborative research and the development of best practices over strict regulatory bodies. Google's shares traded lower by 0.38% at $138.45 premarket on the last check Friday.

October 20, 2023 | 1:04 pm
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NEGATIVE IMPACT
Google's shares traded lower by 0.38% premarket on the last check Friday. The call for industry-specific AI regulation by Google executive Kent Walker could impact the company's future operations and innovations.
The call for industry-specific AI regulation by Google executive Kent Walker could potentially impact Google's future operations and innovations. This could be a factor in the slight decrease in Google's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Google's shares traded lower by 0.38% premarket on the last check Friday. The call for industry-specific AI regulation by Google executive Kent Walker could impact the company's future operations and innovations.
The call for industry-specific AI regulation by Google executive Kent Walker could potentially impact Google's future operations and innovations. This could be a factor in the slight decrease in Google's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100