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James McHugh

πŸ‘€ Speaker
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2298 total appearances
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Podcast Appearances

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

So right now he's fighting the states.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

So what the states, California is leading it.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

What the states are trying to do is say, hey, California is going to legislate what it believes should and shouldn't happen with AI.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

The problem there is if you think about the same argument for cars.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

Once one state is legislated for something, either you're going to have everyone...

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

I'm going to have 50 versions of AI or everyone's going to follow the California version.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

So I think the good thing that I'm seeing is that he's getting his hands around that and saying, no, no, no, this needs to be federally legislated and we need to have a central position on it.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

So again, Europe has a tendency for regulation.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

I mean, we're going to get into heavy politics here, James.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

We have a central, and I appreciate fully the UK is out of Europe, but ultimately the struggle with Brexit is that while you're out of Europe, you're still probably too connected to European laws because it's your largest trading partner.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

But the problem inside the EU is we have an unelected central body in the middle that's

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

The problem with any regulator is to make their job worthwhile, they need to regulate.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

Otherwise, why are they there?

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

So once you've created a room of regulators, then regulations will happen.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

So we're regulating, not legislating.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

And we need to get back to what do we want this to look like in 10 years?

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

What does good look like?

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

I think there's not one single thing.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

So firstly, I think we should be absolutely making sure that AI does not and has not got the capacity or the control to talk people through suicide or to allow people to suicide themselves.

James Reed: all about business
How to spot the next billion dollar opportunity before everyone else | James McHugh

That needs to be controlled.