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

New California AI Safety Bill Sparks Debate Among Industry Leaders

user avatar

by Giorgi Kostiuk

a year ago

  1. Core of the New Bill
  2. Industry Leaders' Opinions
  3. Future of AI Regulation


    4. On August 28, a contentious California artificial intelligence bill was passed, compelling companies to implement new safety measures including an emergency stop button.

    Core of the New Bill

    The Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB 1047) passed the California Senate 29–9 and is now sent for ratification to Governor Gavin Newsom. The new law mandates companies to implement safety protocols, including an emergency stop button for AI models.

    Industry Leaders' Opinions

    Elon Musk expressed support for the bill, favoring safety measures for AI. Meanwhile, figures like OpenAI Chief Strategy Officer Jason Kwon and Masa co-founder Calanthia Mei criticize the new regulation.

    Premature regulations like this will not only drive talent out of California; it will drive talent out of America.Calanthia Mei

    Future of AI Regulation

    Critics argue that the new law could hinder tech development in the US, while proponents like DecideAI CEO Raheel Govindji suggest democratizing control through a decentralized autonomous organization (DAO). Govindji believes a DAO could manage the emergency stop process effectively. Supporting the bill, Anthropic CEO Dario Amodei voiced support in a letter to Governor Newsom.

    The future of AI regulation in the US remains uncertain as industry opinions are deeply divided. The SB 1047 bill might set a precedent for other states, leading to new approaches and solutions in AI safety.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SWIFT Tests XRP Integration for Enhanced Payment Systems

chest

SWIFT is testing the integration of the XRP Ledger to enhance cross-border payment efficiency.

user avatarDiego Alvarez

Tether Freezes $544 Million in Assets Linked to Illegal Betting Operation

chest

Tether has frozen approximately $544 million in assets linked to an illegal online betting operation at the request of Turkish prosecutors.

user avatarKenji Takahashi

Tether Mints $1 Billion USDT Amid Bitcoin Selloff

chest

Tether minted an additional $1 billion USDT amid a sharp decline in Bitcoin prices, providing liquidity during a volatile market.

user avatarKenji Takahashi

XRP Price Shows Signs of Recovery After Significant Dip

chest

XRP price has rebounded after hitting a low of 116, with increased whale activity and unique addresses on the XRP Ledger.

user avatarMaria Fernandez

Arthur Hayes Attributes Bitcoin Selloff to IBIT Hedging

chest

Arthur Hayes attributes the recent Bitcoin selloff to hedging related to BlackRock's iShares Bitcoin Trust (IBIT), indicating that dealer hedging can lead to significant mechanical selling when market conditions shift.

user avatarGustavo Mendoza

The PASS: New Utility NFTs to Empower Web3 Creators

chest

The PASS has been introduced as a framework for Web3 creator economies, offering Utility NFTs that enable community creation and governance.

user avatarRajesh Kumar

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.