Regulation may slow innovation but remains necessary for trust.
Regulation of data use will force companies to ask for consent before developing new algorithms. This extra step will inadvertently slow down innovation and might be a factor in the global innovation competition. China can correlate and analyze datasets without regulatory constraints, creating a competitive advantage. Despite this challenge, we need to regulate our markets and expect international partners to comply with the same rules. We should push for clear regulations and international norms on transparency, accountability, and data ownership.
— WhatsApp: We Should Discuss What Our Data Is Used For, Not Who Has It · Forbes