GDPR was supposed to help "protect data" of users. But what really happened what that users got nagged with more dialogue boxes & pop-ups.

I suspect this call for regulation will make technology like AI have laws that limit the participation of of "little guys" in the sectors.

Technology a few decades may look like finance.

1. In finance only people with special permits are allowed to run a bank. — their may be permits for collecting & storing user data these will be as few as banks & close to the government via crony relationships as banks are today.

2. Just like how people with little money in finance are not allowed to use the Kelly Criterion on equities exchanges like Ameritrade due to "Pattern Day Trader Rules". People that don't have the necessary data that can fit ML models sufficiently to the governments mandated model accuracy will be banned for building & deploying such models in the wild.

3. Just like how in some countries financiers without CFA are not allowed to talk about Thier personal opinion in financial markets. People with "Chartered Artificial Intelligence Advisor" papers will not be allowed to have Thier opinion on certain ML techniques that may be used in the wild.

Regulation is seldom made for the benefit of the public. I don't know why AI custodians are begging for it (unless it's to be on the panel of experts of course)

I suspect the Industry of AI & technology in general is going to fall for the bug scam of regulatory capture as all previous industries have done [1]

But my question is, What good do you expect form AI regulation?

[1]: https://en.m.wikipedia.org/wiki/Regulatory_capture