Prominent economists, tech executives call for new regulatory approach to AI
A group of economists and tech industry figures has called on policymakers to address the risks posed by artificial intelligence more directly. The signatories outlined their concerns in a public letter published today. The initiative was organized by economics professors Erik Brynjolfsson, Ajay Agrawal, Anton Korinek and Tom Cunningham.
Key Takeaways
- SiliconANGLE UPDATED 16:49 EDT / JULY 13 2026 AI Prominent economists, tech executives call for new regulatory approach to AI by Maria Deutscher A group of economists and tech industry figures has called on policymakers to address the risks posed by artificial intelligence more directly.
More than half of the 200-plus other signatories to the letter are also economists, and more than a dozen are Nobel Prize laureates.
- "This could drive an unprecedented transformation of our economy, larger than the Industrial Revolution, but unfolding over a vastly shorter time frame."
The economists who signed the letter were joined by dozens of tech industry figures.
- Two employees at Thinking Machines Inc., an AI startup led by former OpenAI Chief Technology Officer Mira Murati, participated as well.
AI "could bring risks, including large-scale job displacement, as well as opportunities such as major gains in living standards," the signatories wrote in the letter.
- Like today's public letter, the company called on lawmakers to form new institutions focused on addressing the technology's risks.
OpenAI's paper also floated dozens of other ideas including the creation of an AI-focused sovereign wealth funding.
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SiliconANGLE UPDATED 16:49 EDT / JULY 13 2026 AI Prominent economists, tech executives call for new regulatory approach to AI by Maria Deutscher A group of economists and tech industry figures has called on policymakers to address the risks posed by artificial intelligence more directly. The signatories outlined their concerns in a public letter published today. The initiative was organized by economics professors Erik Brynjolfsson, Ajay Agrawal, Anton Korinek and Tom Cunningham.
More than half of the 200-plus other signatories to the letter are also economists, and more than a dozen are Nobel Prize laureates. The brief document calls on policymakers to "build the incentives, guardrails, and institutions needed to steer AI in a direction" that benefits humanity. The letter adds that the regulatory push should include input from economists and technology experts.
The signatories point to the rapid advance of AI models as the motivation behind the letter. "AI may become radically more powerful over the next 10 years," reads the letter. "This could drive an unprecedented transformation of our economy, larger than the Industrial Revolution, but unfolding over a vastly shorter time frame."
For more details please read the original article at SiliconANGLE AI.
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