In a lengthy Twitter thread, Marc Andreessen—noted venture capitalist and co-founder and general partner at Andreessen Horowitz—laid out the case for allowing AI development, but warned about creating a “government-protected cartel.”

“Big AI companies should be allowed to build AI as fast and aggressively as they can—but not allowed to achieve regulatory capture, [and] not allowed to establish a government-protect cartel that is insulated from market competition due to incorrect claims of AI risk,” Andreessen wrote (emphasis his).

He added that believes doing so will maximize the payoff of artificial intelligence advancements to both tech and society.

While known in recent years for its many investments in the cryptocurrency space, Andreessen Horowitz, also known as a16z, has gone big into artificial intelligence. In March, a16z announced an investment in chatbot developer Character AI. The firm invested, and the VC’s general partner Sarah Wang joined the startup’s board.

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Author: Jason Nelson

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