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

Firms Against California AI Bill

user avatar

by Giorgi Kostiuk

a year ago


  1. SB 1047 Bill
  2. Attorney General's Authorization to Litigate
  3. Mixed Reactions from Tech Firms and Legislators

  4. Big tech firms have expressed strong objections against the California AI bill, however, lawmakers are already scheduled to vote on the bill that will have a bearing on how AI is produced and used in the state.

    SB 1047 Bill

    The bill known as SB 1047 was advanced by State Senator Scott Wiener and raises issues that firms are unhappy with, although they are still keen on regulation for the industry. Among the many thorny issues, the bill will request safety testing for numerous AI models, requiring more than $100 to develop or a defined amount of computing power.

    Attorney General's Authorization to Litigate

    The bill also demands that AI software creators provide instructions on how to disable their AI models, essentially a 'kill switch' in case of malfunctioning. The state's attorney general is authorized to litigate for non-compliance. The bill would also require developers to engage independent auditors to evaluate their safety processes and provide further protection to whistleblowers exposing AI misuse. The bill has already passed the Senate and state Assembly last week, with the legislative session ending on August 31 to determine its fate.

    Mixed Reactions from Tech Firms and Legislators

    San Francisco representative Wiener highlighted the need to regulate the industry to protect the public before AI technology becomes uncontrollable. However, congressional Democrats including Nancy Pelosi and Ro Khanna oppose the bill, calling it ill-informed and potentially harmful to the state. They fear the law could drive developers out of California, jeopardizing open-source AI models.

    The SB 1047 bill has sparked significant debate between tech firms and legislators. The future of this bill will play a crucial role in shaping the direction of AI technology development in California.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Digitap Emerges as Leading Altcoin Amid Market Challenges

chest

Digitap, the world's first omnibank, is gaining traction as a top altcoin choice, outperforming AI-driven projects in the current market.

user avatarEmily Carter

Monthly MACD Turns Bearish, Signaling Potential Drop for Bitcoin

chest

The monthly MACD indicator has turned bearish, suggesting a possible significant decline in Bitcoin's price.

user avatarTomas Novak

Caesars Sportsbook Maximizes Value for High-Rolling Bettors

chest

Caesars Sportsbook maximizes value for high-rolling bettors through its rewards program, converting sports wagers into Tier Credits and Reward Credits, offering benefits like free hotel stays and premium resort experiences.

user avatarRajesh Kumar

Fanatics Sportsbook Appeals to Brand-Loyal Consumers

chest

Fanatics Sportsbook appeals to brand-loyal consumers by using its loyalty currency, FanCash, which can be used for merchandise or converted into bonus bets.

user avatarSatoshi Nakamura

Offshore Sportsbooks Offer Low VIG but High Risk

chest

Offshore sportsbooks attract customers with low VIG and bonuses but pose high financial risks due to lack of regulation.

user avatarJesper Sørensen

BetMGM Offers Superior Value Through Integrated Loyalty System

chest

BetMGM Sportsbook offers superior value through its integrated loyalty system, MGM Rewards, providing measurable returns that benefit high-volume bettors.

user avatarLucas Weissmann

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.