Fourth industrial revolution and responsible innovation

For many decades now, regulators have lagged behind innovators. This is no bad thing, for many good things would have never been commercialized. But the rate of innovation, especially of the game-changing, new-to-the-world sort, has accelerated sharply; this has opened up a vast and widening gap between innovators and the ability of regulators and policymakers to make sense of the social and moral implications of innovations. Driverless cars, autonomous drones, gene editing, 3D printing, artificial intelligence (AI), smart robots and synthetic biology are some of the new developments that have caught our imagination. Each of these has staggering potential for both good and bad. They can liberate humankind but equally they can become the stuff of dystopian movies. The risks of being overzealous in regulating these are significant as are…

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