{"id":35761,"topic":"ai","source":"SiliconANGLE","title":"Prominent economists, tech executives call for new regulatory approach to AI - SiliconANGLE","url":"https://siliconangle.com/2026/07/13/prominent-economists-tech-executives-call-new-regulatory-approach-ai/","url_hash":"b2cde1dd5f465080e9065276b56a8ed60ada71c4","author":"","summary":"Prominent economists, tech executives call for new regulatory approach to AI SiliconANGLE","content":"Prominent economists, tech executives call for new regulatory approach to AI\nA group of economists and tech industry figures has called on policymakers to address the risks posed by artificial intelligence more directly.\nThe signatories outlined their concerns in a public letter published today.\nThe 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.\nThe 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.\nThe 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.”\nThe 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.com Inc.’s consumer business. Google DeepMind Chief Scientist Jeff Dean signed as well.\nThe executives participated alongside nearly two dozen Anthropic PBC and OpenAI employees. Anthropic co-founder Jack Clark was among the signatories. Two employees at Thinking Machines Inc., an AI startup led by former OpenAI Chief Technology Officer Mira Murati, participated as well.\nAI “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.\nThe letter comes less than a year after technology-focused nonprofit Future of Life Institute organized a similar initiative. It released a public letter in which Geoffrey Hinton and other prominent researchers urged the suspension of efforts to develop AI, or artificial general intelligence. That’s a hypothetical form of AI capable of performing many tasks better than humans.\nMore recently, OpenAI published a policy paper with recommendations on how AI should be regulated. 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.\nEarlier this month, the Financial Times reported that the U.S. government could take a 5% stake in OpenAI and other frontier AI labs. It’s believed that the shares could be used to fund a sovereign wealth fund similar to the one the ChatGPT developer’s paper suggested.\nImage: Unsplash\nA message from John Furrier, co-founder of SiliconANGLE:\nSupport our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.\n- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more\n- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.\nFounded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. 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More than half of the 200-plus other signatories to the letter are also economists, and more than a dozen are Nobel Prize laureates.\nThe 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.\nThe 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.”\nThe 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.com Inc.’s consumer business. Google DeepMind Chief Scientist Jeff Dean signed as well.\nThe executives participated alongside nearly two dozen Anthropic PBC and OpenAI employees. Anthropic co-founder Jack Clark was among the signatories. Two employees at Thinking Machines Inc., an AI startup led by former OpenAI Chief Technology Officer Mira Murati, participated as well.\nAI “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.\nThe letter comes less than a year after technology-focused nonprofit Future of Life Institute organized a similar initiative. It released a public letter in which Geoffrey Hinton and other prominent researchers urged the suspension of efforts to develop AI, or artificial general intelligence. That’s a hypothetical form of AI capable of performing many tasks better than humans.\nMore recently, OpenAI published a policy paper with recommendations on how AI should be regulated. 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Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.\n- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more\n- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.\nFounded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. 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Two employees at Thinking Machines Inc., an AI startup led by former OpenAI Chief Technology Officer Mira Murati, participated as well.\nAI “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.\nThe letter comes less than a year after technology-focused nonprofit Future of Life Institute organized a similar initiative. It released a public letter in which Geoffrey Hinton and other prominent researchers urged the suspension of efforts to develop AI, or artificial general intelligence. That’s a hypothetical form of AI capable of performing many tasks better than humans.\nMore recently, OpenAI published a policy paper with recommendations on how AI should be regulated. Like today’s public letter, the company called on lawmakers to form new institutions focused on addressing the technology’s risks. 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