Experts Share Ideas on Balancing Innovation and Competition in the AI Industry

Policymakers, industry leaders, and scholars met at Stanford to discuss AI regulation, fairness, and creators’ rights.

June 13, 2024

| by Krysten Crawford

Victor Peng at the “Promoting Competition in AI” event at SIEPR. | SF Photo Agency

Victor Peng, the president of chip giant AMD, has seen plenty of innovations come to market in his 42 years in the tech business — from personal computers to social media to mobile devices. None, however, can compare to the boom in artificial intelligence.

“I’ve never seen a concept commercialized so fast,” Peng said of the race to profits set in motion when ChatGPT showed the world in late 2022 just how advanced AI had become.

AI’s rapid adoption is the reason Peng and an all-star cast of top business leaders, academics and government officials from Europe, Washington, D.C., and California convened for a daylong public workshop at the Stanford Institute for Economic Policy Research (SIEPR) on May 30. SIEPR co-hosted the event with the U.S. Department of Justice and Stanford Graduate School of Business to examine AI’s fast-changing competitive landscape — and the steps needed to ensure fair odds for companies and their customers.

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