Financial Industry Regulatory Authority

And it's only because of this news by Robinhood Chain.

Robinhood Chain is their own blockchain that they're able to make sure that it meets SEC and FINRA compliance, etc.

But The Robinhood chain sits on top of the Arbitrum network, which is a layer two on the Ethereum network.

So Arbitrum is the rails that their Robinhood chain is riding on.

PRG and its affiliates do not offer legal or tax advice.

Douglas Goldstein is a registered representative of PRG, member FINRA, SIPC, MSRB, and FSI.

Accounts are carried by Pershing LLC, a subsidiary of the Bank of New York Mellon Corporation, member NYSE and SIPC.

PRG and its affiliates do not offer legal or tax advice.

Douglas Goldstein is a registered representative of PRG, member FINRA, SIPC, MSRB, and FSI.

Accounts are carried by Pershing LLC, a subsidiary of the Bank of New York Mellon Corporation, member NYSE and SIPC.

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In his essay, Dario pointed to METR, and Professor Ethan Mollick followed up, "METR is rapidly becoming a de facto industry standard-making body for AI.

It is starting to look like an AI version of FINRA in finance.

Not a government regulator, but the institution that examines firms and defines acceptable practice.

I wonder if legislation will codify it as well." But for some, METR is not the organization that should be invested with that power.

Then this bloke, Hassabis, who was the DeepMind founder, he proposed a while back a US-led standards body.

It was modeled on the Financial Industry Regulatory Authority.

It would test all advanced models before deployment.

It'd be a public-private partnership.

Before there's ever a national regulatory regime, he wants a Sherman Act waiver so that Anthropic can safely coordinate with OpenAI and other frontier labs without antitrust fears." To be frank, this latest proposal is much less maximalist than some of his prior proposals, like policy on the AI exponential, where he advocated for an FAA of, for AI.

Now people are talking about FINRA for AI, which is more non-governmental regulation, but industry-focused.

Uh, I believe he is sincere in his beliefs, and despite all the protestations, all of this would also probably be good for his business over the long term.

Yeah, there's a, there's, there's a lot of tricks here where, uh, people...

To be frank, this latest proposal is much less maximalist than some of his prior proposals, like policy on the AI exponential, where he advocated for an FAA of-- for AI.

Now people are talking about FINRA for AI, which is more, uh, non-governmental regulation, but industry-focused.

Uh, I believe he is sincere in his beliefs, and despite all the protestations, all of this would also probably be good for his business over the long term." Yeah, there's a, there's a, there's a lot of tricks here where, uh, people-- where something, either if, if there are, if there are multiple quadrants of like actions you can take, and it's like, it's either good or bad for your business, or it's good or bad for safety, you can land in the good for your business and good for safety quadrant, and everyone will accuse you of being cynical and doing it only because it's good for your business.

And so-

Then this bloke, Hassabis, who was the DeepMind founder, he proposed a while back a US-led standards body.

It was modelled on the Financial Industry Regulatory Authority.

It would test all advanced models before deployment.

It'd be a public-private partnership.