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

Elon Musk Endorses SB 1047 AI Safety Bill

user avatar

by Giorgi Kostiuk

a year ago


  1. Elon Musk's Call
  2. Stakeholder Opinions
  3. Objectives of SB 1047

  4. Tesla chief and X owner Elon Musk believes that California should approve SB 1047 AI safety bill that lays down deployment regulations for tech companies in the state. However, other tech leaders have opposed the proposal, saying it limits innovation and kills competition.

    Elon Musk's Call

    Musk recently posted on X, “I think California should probably pass the SB 1047 AI safety bill.” The tech entrepreneur said that any product or technology that is a potential public risk has to be regulated. This statement has divided the internet as Musk founded xAI in 2023 for developments in the field. The X owner has also been vocal about artificial intelligence on the platform through Grok, a generative artificial intelligence chatbot.

    Stakeholder Opinions

    Bindu Reddy, the CEO and co-founder of Abacus.AI responded, “It’s premature to pass a bill when we don’t understand exactly how AI can be dangerous.” Meanwhile, other tech giants like ChatGPT developer OpenAI, Adobe, and Microsoft are supporting a separate AB 3211 bill. Ari Paul, CIO and founder of BlockTower Capital suggests that Musk invested in building the data center before addressing regulatory compliance in the sector. Paul believes that Musk is trying to gain a competitive edge by the timing. Einar Vollset, co-founder of VC fund TinySeed also opined that SB 1047 could potentially stop open source models.

    Yea we get it. You finished the data center and now want a regulatory moat so you can extract rents without facing competition. As always, the principals go out the window as soon as the grift is ready.Ari Paul

    Objectives of SB 1047

    SB 1047 proposes for responsible development of artificial intelligence by including safety protocols, compliance audits, risk management, and disclosure. In contrast to AB 3211, which focuses on how artificial intelligence creates and labels digital content, including deepfakes, SB 1047 is a more comprehensive bill. The bill also includes provisions for establishing a public cloud computing infrastructure, known as “CalCompute” to promote safe and equitable artificial intelligence innovation. The goal of the bill is to ensure that artificial intelligence technology advances in a manner that responsibly safeguards public safety.

    Based on the California legislative database, the lawmakers might have introduced at least 69 bills with the term AI in 2023-24. Most of the bills are no longer under consideration. SB 1047 remains a topic of discussion among the tech community and legislators.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Tesla to Enter Settlement Negotiations Over Racial Harassment Allegations

chest

Tesla has agreed to participate in private mediation with the US Equal Employment Opportunity Commission regarding allegations of racial harassment at its California factory.

user avatarAndrew Smith

MARA Holdings Maintains Strong Bitcoin Treasury Amidst Competition

chest

MARA Holdings maintains one of the largest Bitcoin treasuries, holding over 55,000 BTC, positioning itself as a strong competitor in the Bitcoin mining industry.

user avatarJacob Williams

ApeCoin APE Shows Mild Correction Amid Low Volume

chest

ApeCoin APE is trading down 1.63% in the last 24 hours, currently priced at 0.02072. Despite this mild correction, the project maintains a steady community of approximately 1859K holders.

user avatarZainab Kamara

MicroStrategy Acquires Largest Amount of Bitcoin in Half a Year.

chest

MicroStrategy has announced a significant acquisition of Bitcoin, purchasing 13,627 BTC for approximately 125 billion, marking its largest purchase in nearly six months.

user avatarSon Min-ho

ZCash Price Declines Amid Market Consolidation

chest

ZCash price is currently trading lower, establishing a new trading range after a significant decline.

user avatarAyman Ben Youssef

STX Price Analysis Indicates Potential Breakout or Rejection

chest

STX is trading near a descending resistance after a rebound, with traders awaiting confirmation signals for future price direction.

user avatarTando Nkube

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.