Grant Vingoe, head of the Ontario Securities Commission, said at a Bloomberg conference Wednesday that new AI models like Anthropic’s Mythos could require a “whole of government” approach to regulation, rather than oversight by a collection of agencies. (Financial Post)
Talking point: The debate over whether the best way to regulate new technologies is through existing frameworks that weren’t designed with them in mind is at least as old as the internet. Companies that work in cutting-edge sectors like AI and crypto have a history of siding with Vingoe, arguing their technologies are an awkward fit for existing laws and lobbying for new regulations made just for them. Fintech experts at the International Monetary Fund, on the other hand, have cautioned against siloed fintech units to regulate new technologies, arguing authorities should embed expertise in new technologies throughout the organization to avoid risks.
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