• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

California AI Safety Bill Causes Stir in Silicon Valley

user avatar

by Giorgi Kostiuk

a year ago


  1. Key Features of SB 1047
  2. Opposition from Congress and Silicon Valley
  3. Concerns about AI Ecosystem

  4. A legislative proposal in California requiring artificial intelligence developers to put up safety protocols to prevent 'critical harms' against humanity has sparked discussions within Silicon Valley's tech community.

    Key Features of SB 1047

    The 'Safe and Secure Innovation for Frontier Artificial Intelligence Models Act' (SB 1047) mandates AI developers to implement safety protocols to prevent events such as mass casualties or major cyberattacks. The legislative proposal also requires an 'emergency stop' button for AI models, annual third-party audits of AI safety practices, the creation of a new Frontier Model Division (FMD) to oversee compliance, and heavy penalties for violations.

    Opposition from Congress and Silicon Valley

    However, there has been opposition from Congress. US Congressman Ro Khanna expressed concern that 'the bill as currently written would be ineffective, punishing of individual entrepreneurs and small businesses, and hurt California’s spirit of innovation.' Khanna acknowledged the need for AI legislation 'to protect workers and address potential risks including misinformation, deepfakes, and an increase in wealth disparity.'

    Concerns about AI Ecosystem

    The bill has also been met with opposition from Silicon Valley venture capital firms such as Andreessen Horowitz. On Aug. 2, a16z chief legal officer Jaikumar Ramaswamy sent a letter to Senator Scott Wiener, one of the bill’s creators, claiming it would 'burden startups because of its arbitrary and shifting thresholds.' On Aug. 6, computer scientist Li told Fortune: 'If passed into law, SB-1047 will harm our budding AI ecosystem, especially the parts of it that are already at a disadvantage to today’s tech giants: the public sector, academia, and ‘little tech.’

    The bill passed the Senate with bipartisan support in May and now heads to the Assembly, where it must pass by Aug. 31.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Impact of Upbit Cloudflare Outage on Cryptocurrency Infrastructure

chest

The outage raises concerns about the reliance on centralized infrastructure in the decentralized crypto space.

user avatarTenzin Dorje

Lessons Learned from Upbit Cloudflare Outage

chest

The outage highlights the importance of diversifying exchange accounts and understanding platform dependencies.

user avatarAisha Farooq

Market Reactions to FOMC Meetings and Rate Decisions

chest

Investors often react to FOMC meetings, but the long-term rate cut path is a more significant indicator for market trends.

user avatarLeo van der Veen

Long-term Rate Cut Path Signals Support for Bitcoin

chest

The long-term rate cut path indicates a shift towards looser liquidity, benefiting Bitcoin and risk assets despite short-term volatility.

user avatarLi Weicheng

USDC Solidifies Its Position as Institutional-Grade Stablecoin

chest

USDC serves as a crucial liquidity layer for digital dollar transactions and DeFi.

user avatarBayarjavkhlan Ganbaatar

Cloudflare Outage Disrupts Solana Protocol UIs

chest

On December 5, a significant service disruption at Cloudflare led to user interface outages for major Solana protocols, including Jupiter and Raydium.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.