Thank you, Mr. Chair.
I'm going to turn to you, Professor Bednar. In the 19th and 20th centuries, industries extolled the virtues of a free market with no regulation. This has led to huge fortunes, huge monopolies, as well as abuses against consumers.
All of this has led to historic regulations. One is the antitrust laws that we know today and the big consumer protection laws. However, with the artificial intelligence industry advancing at an exponential rate, I get the impression that we need a framework for the market to work.
I will quote you in English, a language I rarely use. You said earlier, “Smart regulation clarifies markets”.
In French, we would say that smart regulations make markets work better. As we know, that is the basis of economics, in a way.
Do you think that, in this context, the best solution is for this industry and the market to regulate themselves? In your opinion, are we at a stage in the development of artificial intelligence where regulation, viewed from a historical perspective, is as important as antitrust legislation may have been at one time?