Regulators

“We're now seeing the first, like, announcements from utilities of going to regulators and requesting rate decreases as a result of large loads in their territory. We've seen a few of those now.”

“Being anti-competitive is illegal in the United States, unless you get a government official or regulator to do it for you, then it's legal.”

“The moment that a company, an industry, wants to consolidate, needs to consolidate, is the moment regulators are most likely to stop them consolidating. And whereas the actual time when action would matter, like when it, when it's growing and a company is maki…”

“There will be audits. There will be investigations, and when the regulators come, I don't know when it's going to be. The folks who are moving fast and breaking things in the name of AI progress better be prepared.”

“As I say, as a whole across the world, regularly oftentimes it's like a almost lowest common denominator, but like you really have to Substantially exceed what the regulators are expecting to make good products.”

“The cruise example wasn't a technology failure. There was the real compounding issue there was just how did the company talk to the regulators and what was their kind of behavior? And I think that became more of the issue.”

“When the EU talks about AI leadership, they're talking about the regulators, and they think their value-add is, well, we're gonna show the whole world the regulatory model for AI. So It's kind of a bad case of main character syndrome where you know, where like…”

“The issue with, the issue is like the bigger you get, I guess more scared the regulators are of you because if you succeed, they have no upside. They don't get a bigger bonus. But if you fail, like they might lose their jobs. So it's ultimately like, you know,…”

“I think in financial services and healthcare, The only way to build something that will last the test of time and that will truly go mainstream is to work with regulators, to do it clean, to do it right.”

“Various regulators did not like the deal and had arguments against it. No need to go into those and not, but yeah, the, it was a long process, 16 months.”

“I am also a hundred percent certain that regulators are paying a ton of attention to this. And that around the world, you will see them force Google to split their crawler out into announcing exactly what it is doing.”

“They just have no intuition for scales of money beyond their personal experience, like a thousand bucks beyond something that's in their bank account. Or checking account. They have no, they just don't know what's above that because they haven't run organizati…”

“The recent wave of deals It is going to get looked at with scrutiny. And the truth is, is that something will change in what's permitted in, in deal structures in terms of oversight, because I think they're too big to get ignored by regulators in a tech indust…”

“I remember in 2011, I wrote to the regulator that we should, that we would like to be regulated.”

“Both those had, they took too much interest rate exposure, known to management, and it was known to the regulators, and, you know, ah, and fixable.”

“For them to pass a bill, right, it just took six months. For that to take effect is going to be the next two to four years.”

“I've been in the room where some of these businesses said stuff to regulators that was just not true.”

“FinTech, you have two customers. You have your usual customers, and you have your regulator. And you need to keep both of them happy. And usually what makes one happy, it makes the other one less happy, right? So you are constantly dealing with trade-offs. Lik…”

“There's a new U.S. Administration. They're like changing how all the regulators are running, and mostly the bankers are feeling much more generous and able to do things, which they weren't feeling like that last year.”

“If I take a hundred regulators, I would say only about 20, 30 of them have a good understanding of this. Another 20, 30 have heard of it, but they don't have a very good understanding and 20, 30 have not even heard of it.”

“Part of our pain in the fintech system is that neither the fintechs nor the banks, unregulated, regulated, and the regulator have remained true to this three lane model while everybody says this is the right model.”

“I don't always know if the approvals are like the most significant thing. Like to me, they kind of read like a investor milestone more than a, oh, this is just like the last stop before we blow our product up on the market kind of thing.”

“The best thing you can do as a company, certainly of our size, is you engage directly with the regulators and speak very clearly to, this is a good idea, this is a bad idea, we'd like to offer you some feedback.”

“And so there's sort of this, I think, ill-informed narrative that the utilities don't want to spend the money. They actually love to spend the money and they would die to spend that money. The issue is the regulators and the ratepayer advocates that basically …”

“Being in real conversations with real utilities and regulators right now about, okay, which feeder? It is amazing in some ways how they're just starting to do some of that thinking and modeling.”

“I think this third area is like the lowest IQ area of these four, which is the regulators basically responding to every challenge with rules that just stifle new things way ahead of time.”

“Oh, what I really learned is it's so whenever you want to build a bank, you'd rather get a banking license before you have customers. So that's kind of, you know, key lesson, because as soon as you have many customers, millions of customers, tens of millions o…”

“What I really found is, is actually very bad advice, right, because whenever you speak with regulators yourself, whenever you explain exactly in plain English what we do, how we do it, because you build it yourself, or I build it myself, right, I can explain i…”

“If people were actually using Meta products 2:03 hours a day, regulators would lose their fucking minds.”

“So far as I can tell, I think the large M&A transactions are mostly getting deeply investigated and oftentimes blocked by the regulators. That political environment will change eventually.”

“And so whenever you, whenever you're engaging with a regulator, no matter if it's aviation or if it's biotech or some other thing, if you're really, really on the frontier, it means that, that the regulator doesn't necessarily understand the technology any bet…”

“In the cases where there is any gray zone, I think the regulators are I think eager to chat with startups.”

“I think, I do think the regulators got this one wrong, and maybe even they got it wrong, who knows, because of, this is why the Google HubSpot thing might be worse, and maybe it's how they were lobbied or manipulated, because I don't think it's competitive.”

“No one outside the company and no one inside the company who I spoke to anyway believes that the robotaxi is ready to be without a steering wheel, without pedals, and even if it were ready, that is ready for regulators are ready to say, yeah, go.”

“Now, this is, of course, the way that regulators would look at it in 1994, and that would get Microsoft in some hot water, and they had to agree to stop doing this practice.”

“The companies have way more resources than the government to just continuously open new fronts. That then the regulators have to chase them on, right? So outside of extreme actions, it's clearly the game everyone's gotten wise to.”

“The regulatory pressure, you could either put the regulatory pressure on TikTok, right, which is what people are trying to direct, and then you have this whack-a-mole problem because companies are faster than regulators, so you regulate TikTok, but by the time…”

“In technology, you have network effects. In consumer goods, you have brand virality. And in healthcare, especially in pharmaceuticals, through history, you notice there are negative feedback loops, right? You have big, major counterparties, namely managed care…”

“Some of the larger LLM players have literally attacked open source directly and are telling, you know, regulators to try and disable it.”

“I think you're doing an acquisition under ten billion, unless it's super strategic. I don't think it gets a long look from the regulators. I think those flow through and they happen pretty quickly.”

“It's probably one of the biggest challenges to the DER industry, which is trust from the utility and regulator side on embracing DERs and really accepting them as a reliable resource, whether it's for capacity or for localized capacity I think getting, establi…”

“And so I know the question and the heart of the question is, is we should regulate, you know, AI and this and that. And I think it's the actual opposite. I think we should regulate the regulators and let it be what it wants to be.”

“The people that got sucked into this perception game that FTX was playing that, you know, the politicians, the regulators, the investors, they all now are trying to just sweep it under the rug and say, oh, I didn't know about this financial fraud. It wasn't ju…”

“We've had lots of conversations with regulators, both at state levels and federal levels, to make it very clear that This has to be a choice.”

“I think the action needs to be justifiable justifiably malicious or provably malicious.”

“And I think that utilities, like, their natural inclination is to be the railroad because that's the safe and it's the consistent thing that they've always done, and it's explainable to regulators, it's explainable to shareholders, to Wall Street, like, that, …”

“I think that the point of view is just that this is going to be a near impossible task to try and track and approve LLMS and audit servers that are running LLMS and audit apps and audit what's behind the tools that everyday people are using.”

“Regulators, I've been impressed with how up to speed they've gotten on crypto, and they've really taken time to learn about it.”

“It was just really hard for regulators and others to accept that Facebook would be at the center of a protocol for money for the internet, and that's why we devolved so much power into this consortium that we didn't control, that we're just a member of, but th…”

“I think the alternative is actually that you push the entire industry to be on the fringe and on the margin and all of these transactions become peer to peer and more opaque to regulation, which is absolutely the worst outcome for everyone involved, including …”

“We actually got the government, the regulators to work with us to allow your rental payment history To help you qualify for a mortgage and to use points for the first time ever is down payment assistance.”

“Silicon Valley has not done itself any favors in building goodwill and trust with the regulators.”

“The regulators are highly incented to get a buyer for this business this weekend, and so going back to oh eight, as the example, they're, they will pull out all the stops in order to get it to the Likely and best outcome possible for American insurers.”

“Privacy, users, value and experience and safety, because if you try to maximize one, you're probably going to kill the others. Or possibly kill the others.”

“USDC gets all the attention from the regulators and the other ones are ignored. And it creates this perverse incentive where it actually, I think, incentivizes people to be offshore, more aggressive, because they don't get the scrutiny, and the people that wan…”

“The sort of natural reaction of a lot of people in tech, and of course, particularly the people in tech who are actually being told they have to do something, is to say no. And we can't do that. That's a terrible idea, and that will break everything, and that'…”

“We're going to eventually end up with some kind of a test that says, is this cryptocurrency a commodity, a security, a currency or something else like artwork?”

“Banks in particular make decisions about their portfolio for three reasons. Regulatory, regulatory, and regulatory. Because banks are regulated industries. As a regulated industry, they are very focused on how they deal with their regulator and the bank examin…”

“It's TikTok, it's Chinese, we should ban it, control it, take it over, something, but there's going to be 20 more of those. So you can't one at a time this, you can't do it company by company, you have to have a sort of systemic idea of, ok, we are in this sys…”

“It's really loosely defined in law and the regulators go in, you know, with scissors and pencil. Like they like really like edit it down and like add more to.”