A FINRA for AI? The idea from Google DeepMind CEO Demis Hassabis is gaining momentum. But is it any good?

The idea of a U.S. AI self-regulatory body modeled on FINRA is gaining support, proposed by Google DeepMind CEO Demis Hassabis. The proposal has endorsement from tech leaders like Microsoft’s Satya Nadella, Block’s Jack Dorsey, and Elon Musk, with potential oversight by the SEC. The body would focus on safety testing for 'frontier AI' models and include independent experts and open-source community representatives.