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Then it should be factored into the profitability of starting in the AI sector. And just like for tax, there will be new external audit services that lower the
by renjimen 3y ago
Then it should be factored into the profitability of starting in the AI sector. And just like for tax, there will be new external audit services that lower the costs of these overheads. In a way, these regulations create whole new kinds of industries
- konschubert 3y agoThese kind of industries add no wealth. They reduce the productivity of the economy.
- renjimen 3y agoProductivity is a narrow metric for the success of society. Without these kinds of regulatory non-productive industries you would likely have fewer and worse social services, such as roads and the police. You would also be exposed to more risks in your daily life, such as pollutants and poisons. In the long term, these industries can allow for safer and more efficient societies.