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

California Governor Vetoes Artificial Intelligence Bill

user avatar

by Giorgi Kostiuk

a year ago


California Governor Gavin Newsom has vetoed the SB 1047 bill, which focuses on regulating artificial intelligence (AI). The bill generated extensive debate and mixed reactions among politicians and leading tech companies.

The Vetoed Bill

On September 30, Gavin Newsom vetoed the SB 1047 bill, known as the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act. The bill proposed mandatory safety testing of AI models and other safeguards, raising concerns among tech firms about potential hindrance to innovation.

Governor's Position

In a September 29 statement, Newsom noted that the bill was overly focused on regulating existing large AI firms without addressing the real threats posed by the new technology. He argued that the stringent standards applied even to basic functions if deployed by large systems. Newsom questioned whether this was the best approach to protecting the public.

The bill applies stringent standards to even the most basic functions if a large system deploys it. I do not believe this is the best approach to protecting the public from real threats posed by the technology.None

Reaction to the Bill

Authored by San Francisco Democratic Senator Scott Wiener, the SB 1047 bill required developers in California, including major firms like OpenAI, Meta, and Google, to implement a 'kill switch' for their AI models and publish plans for mitigating extreme risks. Newsom said he had asked the world's leading AI safety experts to help California develop realistic safety measures. He also directed state agencies to expand their assessment of risks from potential catastrophic events stemming from AI development.

Despite vetoing SB 1047, Newsom emphasized the need for adequate safety protocols for AI. He indicated that regulators cannot afford to wait for a major catastrophe before taking action to protect the public. In the last 30 days, Newsom’s administration has signed over 18 bills concerning AI regulation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Approaches Cyclical Bottom

chest

Recent analysis indicates that Bitcoin is currently at a significant price level, suggesting a potential cyclical bottom.

user avatarLi Weicheng

Bitcoin Price Declines Amid Bear Market

chest

Bitcoin's price is significantly below its all-time high, indicating a bear market.

user avatarAisha Farooq

Bitcoin Sharpe Ratio Indicates Market Conditions

chest

The Bitcoin Sharpe Ratio is at a historically low level, suggesting high risks for current investors.

user avatarTenzin Dorje

CFTC Expands Eligible Margin Collateral to Include National Trust Bank Issued Stablecoins

chest

The CFTC has updated its advisory to recognize payment stablecoins issued by national trust banks as eligible margin collateral.

user avatarBayarjavkhlan Ganbaatar

Digital Asset Firms Push for National Bank Charters to Enhance Credibility

chest

Digital asset firms are competing for national bank charters to enhance credibility and expand services under federal oversight.

user avatarElias Mukuru

Bitcoin Mining Difficulty Sees Major Drop Amid Price Struggles

chest

Bitcoin mining difficulty has dropped significantly, marking the largest adjustment since China's crackdown on mining.

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.