• 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

2 years 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

New Editorial Policy Launched to Ensure Content Quality

chest

A new editorial policy has been established to enhance the quality of content.

user avatarMaria Fernandez

Challenges for Shiba Inu to Reach 1 Price Level

chest

Experts discuss the improbability of Shiba Inu SHIB reaching the 1 price level due to its high supply and market cap implications.

user avatarRajesh Kumar

Shiba Inu SHIB Faces Challenges in Regaining Popularity

chest

Shiba Inu SHIB has faced a significant decline in value since its peak in 2021, primarily due to the high supply of SHIB coins, which stands at about 589 trillion. The challenges of reducing supply and boosting demand remain substantial.

user avatarGustavo Mendoza

Robinhood Expands into Stablecoin Yield with New Earn Structure

chest

Robinhood has launched a new Earn structure offering a 7% APY tied to USDG, entering the stablecoin yield market to attract users and enhance engagement.

user avatarMiguel Rodriguez

MEXC Reports Surge in Demand for SpaceX-linked Derivative Products

chest

MEXC reports a significant increase in trading demand for its derivative products linked to SpaceX, highlighting a trend in crypto exchanges offering synthetic exposure to private assets.

user avatarLuis Flores

Dave Portnoy Reveals Major Losses in Bitcoin Trading

chest

Barstool Sports founder Dave Portnoy reveals significant losses in Bitcoin trading, expressing regrets over his investment decisions.

user avatarArif Mukhtar

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.