"The pace of AI development is surging, and the effects on the economy, education, medicine, research, jobs, law, and lifestyle will be far-reaching and pervasive. Moves to begin regulation are surfacing on the federal and state level. President Trump in July unveiled executive orders and an A.I. action plan intended to speed the development of artificial intelligence and cement the U.S. as the global leader in the technology."
"Consider algorithmic pricing. Companies deploying AI to optimize profits can already witness bots independently "learn" that price collusion yields higher returns. When firms' algorithms tacitly coordinate to inflate prices, who bears responsibility - the companies, software vendors, or engineers? Current antitrust practice offers no clear answer. The danger compounds when AI's optimization power targets human behavior directly. Research confirms that AI already has persuasive capabilities that outperform skilled negotiators."
The pace of artificial intelligence development is surging, producing far-reaching effects across the economy, education, medicine, research, jobs, law, and lifestyle. Regulatory moves are emerging at federal and state levels, including executive orders and an A.I. action plan intended to accelerate U.S. leadership. The policy changes bar federal purchases of AI tools deemed ideologically biased, ease permitting for new AI infrastructure, and promote exports of American AI products. All 50 states considered measures in the 2025 legislative session. Experts warn of unprecedented risks in business and finance, including algorithmic pricing that enables tacit collusion and persuasive AI that can outperform skilled negotiators.
Read at Harvard Gazette
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