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.
- " The economists who signed the letter were joined by dozens of tech industry figures.
The group includes former Google LLC Chief Executive Officer Eric Schmidt, prominent startup investor Vinod Khosla and Jeff Wilke, the former head of Amazon.
- 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.
The letter comes less than a year after technology-focused nonprofit Future of Life Institute organized a similar initiative.
- Earlier this month, the Financial Times reported that the U.
government could take a 5% stake in OpenAI and other frontier AI labs.
- About SiliconANGLE Media SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement.
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.
Continue Learning
Comments
Sign in to join the conversation