Tracy Alloway

And we did an episode with the CTO of Goldman Sachs recently, and we asked him, like, Goldman Sachs is a highly regulated bank.

When you have bank supervisors who go in and want to understand your AI system,

what are they actually understanding?

Do they understand the underlying code that's driving the algorithm?

And the answer was, well, no, not really.

You can't expect them to understand all that stuff.

It's more about having the right controls in place that prevent the algo from running amok.

And so my question is with AI,

where we have a lot of experts, highly paid experts and engineers in the private sector developing all this new stuff versus a shrinking body of government officials.

What should our expectation be about how much they understand this technology?

Interesting.

Why do you think that hasn't happened yet or governments haven't stepped in faster?

Because I do think AI is kind of unusual in the sense that, you know, you have people like Sam Altman who will say very publicly in interviews like, yeah, this creates a lot of negative externalities and society is going to have to figure out how to deal with this and

Governments are going to have to figure out how to actually best deploy this technology.

OpenAI published a big industrial policy document, which, again, I think is kind of unusual to previous technological developments.

And yet governments seem kind of slow.

I don't want to generalize too much, but many governments seem kind of slow to get in and really start shaping what they want to do with AI.

Yeah.

Yeah, Joe, I was thinking about this specifically related to health care recently because I've seen a bunch of startups that are saying they're going to simplify the billing process for hospitals.

And then you also know that there are a bunch of insurance companies that are also using AI.