Mercatus researcher cautions on regulatory over-reaction to ChatGPT miscue

A leading AI research fellow at the free-market Mercatus Center says OpenAI’s flawed rollout of an update to its ChatGPT artificial intelligence model triggered an effective feedback loop and quick action to address risks, and does not signal a need for more strenuous government oversight of AI safety issues.

“There will be misfires as labs race to launch new models in a rapidly evolving marketplace. The point is to limit fat-tail risks, as OpenAI has been doing, and continue to...