• 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

Hrum Quiz of the Day Debuts on Telegram.

chest

The Hrum Quiz of the Day was launched on Telegram, offering daily interactive quizzes with motivational quotes and rewards.

user avatarZainab Kamara

Investment Banks Compete for SpaceX's Upcoming IPO

chest

Investment banks are competing for the lead role in SpaceX's anticipated IPO, indicating a significant event for Wall Street.

user avatarSon Min-ho

DOJ Identifies Over 1200 Victims in Epstein Case

chest

The US Department of Justice has identified over 1200 victims in the Epstein case, with ongoing redaction efforts expected to take several weeks.

user avatarAyman Ben Youssef

Ripple's Strategy on Stablecoin Payments

chest

Ripple is focusing on stablecoin payments to improve cash flow management for institutions.

user avatarTando Nkube

US DOJ Releases Investigation Documents on Epstein Case

chest

On December 20, the US Department of Justice released extensive investigation documents related to the Epstein case, emphasizing efforts to protect the victims' personal information.

user avatarKofi Adjeman

Midnight Blockchain Sees Surge in Trading Activity

chest

The Midnight NIGHT blockchain has seen a significant increase in trading volume, with a surge of over 68% in the past 24 hours, reaching 353 billion, leading to a price increase.

user avatarNguyen Van Long

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.