Regulation is too expensive and hampers start-ups and SMEs.

Regulation should be targeted at dealing with the root cause of many of the problems that AI creates – free access to private data and inappropriate use where it harms humanity. This is regulation – light but tight,  because it would define where AI cannot be used and deter big tech (the biggest problem) and any SME or start up from building a business model or product on private data.

Attempts to require developers to use unbiased data, to provide an audit trail or to explain how an application made its decision are naive and fundamentally misunderstand the nature of AI algorithms.