Regulatory Challenges Quotes

With tough interpretation of taxi and zoning regulations, neither Uber nor Airbnb would have gotten started. By the time many cities recognized their existence, both were fairly large and had the political support of their customers.

The emergence of Uber X was really the most important pivot maybe in the history of Silicon Valley. It's a vast majority of Uber's revenues, and so that flexibility and the rapid growth and the fighting the battles, it's all Travis. You can't take any credit away from him.

Experience has shown us that attempts to control the Internet will invariably fail. We should be instructed by the failed efforts of China to regulate political content, the efforts of America to regulate Internet gambling, or the efforts of Australia to regulate certain speech. By its very nature, the Internet will always resist such controls.

When it comes to reforming the way our skies are regulated, we must be certain that as we work to solve specific problems, we do not create others.

I think we're fooling ourselves if we think that regulators are going to be able to outsmart the bankers. So, the task of designing regulatory reform is trying to make more or less foolproof regulation and that's one of the advantages of the systemic category.

Innovation, especially in America, is continuing at a breakneck pace, even in areas facing substantial political or regulatory headwinds. The advances in health care in particular are breathtaking - so many selfless souls are working to advance science, and this is heartening.

Technology can progress to an entire new generation in the time it takes one legislative committee to issue a report. Regulation of technology confronts us with two radically different time scales.

I would say history is a clear witness to many of the problems that have erupted when two partners from the same industry or same country have come together.

We have rules that no longer are relevant to the world we're living in. Our regulatory system can't keep up.

Roy Hill had to achieve more than 4,000 approvals, permits, and licences and more again for construction. The delays and costs of this were not only humungous and waste of human resources but did nothing to assist productivity.

If businesses don't know from state to state what the requirements are for taxes, they have to waste a lot of money on accountants and lawyers before deciding to expand their business into the state next door.

The danger in regulating AI too early is comparable to defining airline regulations in the early 1900’s at the time of the Wright Brothers earliest flights: all flights must be limited to 400 yards (since no plane can safely fly further), no faster than 45 mph (faster puts the pilot at too much risk), no higher than 15′ (pilots can survive a 15′ fall but not a 50′ fall), shall be in a straight line (planes are too unstable in turns), requires a catapult launch into the wind and a wind speed of no less than 15 knots (for the safety of the pilot and bystanders), and no more than one passenger is allowed (since no engine or airframe can safely support more). Any one of these then “common-sense” rules would have severely impacted the evolution of the airline industry. Jurisdictions not subject to such rules would become the industry leaders. No one has the prescience necessary to successfully regulate an early-stage technology.

Many people who try to do big bold things in the world find out it's not about the money or the technology: It's about the regulatory hurdles that will try and stop you.

For a long time, we fought in principle against casinos. Finally, we were persuaded it’s big business and if we were not in it, someone else would be. It was becoming increasingly more difficult to shield our people from gambling. We can’t be the nanny.

It would be nice to think that a censor could allow a genuine work of artistic seriousness and ban a titillating piece of sadism, but it would take a miracle to make such a distinction stick.

As newly created P2P businesses disrupt the status quo and compete with established companies, they face the difficulty of fitting a square peg into a round hole when it comes to existing regulatory regimes that don't contemplate their business models.

Faced with the profound changes that AI technologies can produce, pressure for "more" and "tougher" regulation is inevitable. Misunderstanding about what AI is and is not, especially against a background of scare-mongering, could fuel opposition to technologies that could benefit everyone. This would be a tragic mistake. Regulation that stifles innovation, or relocates it to other jurisdictions, would be similarly counterproductive.

What a nightmare it would be if we individually had to criminalise every single abuse of every single commodity, market or financial product. There are thousands of these and new ones being invented every day. Such an approach would have disastrous implications for regulation and policy-making. Any slide towards it must be resisted.

It's harder, but we're still finding oil in Oklahoma today. The bar has been raised on startup companies, but it can still be done. Every regulation and every rule limits you, but, yes, it can still be done. That's the beauty of living in a free country and having the freedom to have an idea and become an entrepreneur.

I think it is asking a lot for regulators to be perfect - because they won't be.

We cannot wait for regulators to catch up with science.

It's hard to try to be a canary in the coal mine in Internet because right now we're enjoying such innovation. But at the same time, we are truly in the midst of a sea change in how controllable the technology we use day by day is, and it is getting more and more controllable by a distinct group of entities, who may have our best interests in mind, at least at consumers right now, but they can change their minds or be regulated, forced to change their minds later.

The sum of all the current regulations presents ever increasing hurdles.

A no deal Brexit is a proposal so damaging to our future that it cannot be accepted.

With the globalization, it's difficult for governments to impose decisions on private companies.