As the administration weighs in on AI regulation, it’s more important than ever to ask: what can history teach us about regulating AI? At Norm Ai’s Central Park AI Forum, Senator Phil Gramm (former U.S. Senate Banking Chair & Gramm-Leach-Bliley Act Author) and Susan Dudley (former White House Regulatory Czar & Norm Ai Regulatory Advisor) examined this very question. They examined how lessons learned from regulating past innovation cycles matter now more than ever. History offers a roadmap  Every major technological transformation has brought both disruption and opportunity. These patterns have persisted over the course of the Industrial Revolution where GDP tripled and real wages rose by 160% in 30 years, and within the past half century as innovation has reshaped our economy to be flexible to market changes. These moments remind us that transformation, while often turbulent, is the driving force behind long-term prosperity. Regulation vs. creativity  The most effective policy response is often the most difficult. A “first, do no harm” mindset removes unnecessary barriers, allows markets to adjust, and resists the urge to over regulate has historically proven to yield the best outcomes over time. The prosperity from AI will not come from halting disruption, but from harnessing it. In this clip, you’ll see that Senator Gramm simply puts it, “We don’t know anything except the past and we should follow the things that have worked over the past 100 years.” Watch the full discussion and read our latest blog post with the link in the comments. #centralparkaiforum