[VERGE] AI regulation is taking shape, but startups are being left out

This is the best summary I could come up with:

Big Tech players like Microsoft and lavishly funded startups like OpenAI have earned invitations to the White House and the earliest of what will likely be many, many congressional hearings.

Last month, OpenAI, Meta, Microsoft, Google, Anthropic, and Amazon signed an agreement with the White House promising to invest in responsible AI and develop watermarking features to flag AI-generated content.

Companies in the middle of the AI value chain, like Dataiku — which builds data analytics applications and works with clients — don’t have control over how the models they use get information.

Ron Bodkin, co-founder of ChainML, said calibrating requirements and fines to the size and scale of AI players would go a long way in meeting many concerns of smaller companies.

Worries about regulatory capture — when regulated industries strongly influence how policies are created and enforced — have crept into congressional hearings as lawmakers struggled to figure out how to balance innovation and preventing harm.

But relying on their input runs the risk of alienating companies further down the value chain — and potentially making rules that end up protecting big incumbents from competition.

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This is the best summary I could come up with:
Big Tech players like Microsoft and lavishly funded startups like OpenAI have earned invitations to the White House and the earliest of what will likely be many, many congressional hearings.
Last month, OpenAI, Meta, Microsoft, Google, Anthropic, and Amazon signed an agreement with the White House promising to invest in responsible AI and develop watermarking features to flag AI-generated content.
Companies in the middle of the AI value chain, like Dataiku — which builds data analytics applications and works with clients — don’t have control over how the models they use get information.
Ron Bodkin, co-founder of ChainML, said calibrating requirements and fines to the size and scale of AI players would go a long way in meeting many concerns of smaller companies.
Worries about regulatory capture — when regulated industries strongly influence how policies are created and enforced — have crept into congressional hearings as lawmakers struggled to figure out how to balance innovation and preventing harm.
But relying on their input runs the risk of alienating companies further down the value chain — and potentially making rules that end up protecting big incumbents from competition.
I'm a bot and I'm open source!