When thinking about the exciting advancements in artificial intelligence, it’s easy to think of places like Silicon Valley, or perhaps Austin, Texas, as leading the charge. While those places may currently be driving most of the creation of this new technology, they aren’t necessarily well positioned to take advantage as it becomes more widely integrated into the consumer economy.
Instead, Utah stands out as the state best prepared to allow its residents to reap the benefits of such novel technological innovations. Because AI is so new, it’s not clear precisely how it can best be integrated into existing business models or industries, let alone how it might fit in with existing laws and regulations.
While this is certain to hinder AI’s commercial applications in most jurisdictions, Utah has adopted a regulatory “sandbox” that allows entrepreneurs and businesses to try out new ideas that don’t fit neatly within established frameworks. According to the Governor’s Office of Economic Opportunity, “The sandbox allows businesses to experiment with products, production methods, or services by temporarily waiving state law and allowing entrepreneurs to determine if customers value products that don’t fit within the state’s current regulatory framework.”
Continue reading at Deseret News.
Ben Wilterdink is the former Director of Programs at the Archbridge Institute. Follow him @bgwilterdink.
Economics of Flourishing
When thinking about the exciting advancements in artificial intelligence, it’s easy to think of places like Silicon Valley, or perhaps Austin, Texas, as leading the charge. While those places may currently be driving most of the creation of this new technology, they aren’t necessarily well positioned to take advantage as it becomes more widely integrated into the consumer economy.
Instead, Utah stands out as the state best prepared to allow its residents to reap the benefits of such novel technological innovations. Because AI is so new, it’s not clear precisely how it can best be integrated into existing business models or industries, let alone how it might fit in with existing laws and regulations.
While this is certain to hinder AI’s commercial applications in most jurisdictions, Utah has adopted a regulatory “sandbox” that allows entrepreneurs and businesses to try out new ideas that don’t fit neatly within established frameworks. According to the Governor’s Office of Economic Opportunity, “The sandbox allows businesses to experiment with products, production methods, or services by temporarily waiving state law and allowing entrepreneurs to determine if customers value products that don’t fit within the state’s current regulatory framework.”
Continue reading at Deseret News.
Ben Wilterdink
Ben Wilterdink is the former Director of Programs at the Archbridge Institute. Follow him @bgwilterdink.
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