Promoting Entrepreneurship and Innovation Through Business-to-Business (B2B) Data Sharing
Summary
To bolster competition, entrepreneurship, and innovation, the next administration should facilitate business-to-business (B2B) data sharing between startups and data-rich, established companies. Asymmetry in the digital economy is an existing market failure that, if left unchecked will continue to intensify to the detriment of consumer choice and our collective security.
Leveling the playing field requires policy to remove barriers to entry created by data advantages and to promote market competition through increased access to big data. Specifically, we propose that the Small Business Administration’s Office of Investment and Innovation establish a data-sharing program that gives entrepreneurs access to the data they need to improve algorithms underpinning their products and services. This would support a thriving and diverse ecosystem of startups that could in time yield valuable new markets and products.
The incoming administration must act to address bias in medical technology at the development, testing and regulation, and market-deployment and evaluation phases.
The incoming administration should work towards encouraging state health departments to develop clear and well-communicated data storage standards for newborn screening samples.
Proposed bills advance research ecosystems, economic development, and education access and move now to the U.S. House of Representatives for a vote
NIST’s guidance on “Managing Misuse Risk for Dual-Use Foundation Models” represents a significant step forward in establishing robust practices for mitigating catastrophic risks associated with advanced AI systems.