AI regulation as structural moat and bottleneck

Identity/authorization gap emerges as concrete regulatory bottleneck—six frameworks enforceable, Colorado AI Act days away. Courts closing escape hatches. EU AI Act transforms compliance into product architecture. Financial supervisors' AI adoption gap (2% vs 30% banks) creates SupTech opportunity. Data privacy laws bottleneck. Trump drops AI oversight; CLARITY Act; anti-AI backlash (71%). AI Health Score. New: WEF playbook on AI agent authorization; NDRC retroactive blocking of US acquisition of AI agent expands sovereign risk for cross-border deals.