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Impact of SB 1047 on investment in California-based AI companies by mid-2025
5
Resolution / Starting Odds
Increase in investment • 33%
No significant change • 33%
Decrease in investment • 34%
Investment data, financial reports
Story
California Senate Passes SB 1047, Regulating Advanced AI Development
May 22, 2024, 05:21 AM
The California Senate has passed SB 1047, a controversial bill aimed at regulating the development of advanced AI models. The bill, authored by State Senator Scott Wiener, mandates that AI models trained with over 10^26 FLOPS must not be fine-tunable to create chemical or biological weapons. Additionally, developers are required to implement a shutdown capability for these models and submit significant paperwork and reporting to the government. Critics argue that the bill could stifle open-source AI development and innovation, with some claiming it is anti-little tech and anti-AI research. The bill has garnered mixed reactions, with some praising the responsible development measures while others express concerns over its potential impact on AI startups and open-source projects.
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Increase in funding • 33%
Decrease in funding • 33%
No significant change • 34%
Significant increase • 25%
Moderate increase • 25%
No change • 25%
Decrease • 25%
Increase in investments • 33%
No significant change • 33%
Decrease in investments • 33%
Significant increase • 33%
Moderate increase • 33%
No significant change • 34%
Less than ¥5 trillion • 25%
¥5 trillion to ¥10 trillion • 25%
¥10 trillion to ¥15 trillion • 25%
More than ¥15 trillion • 25%
Significant improvement in market position • 33%
Moderate improvement • 33%
No change or worsening • 34%
0-5 states • 25%
6-10 states • 25%
11-15 states • 25%
More than 15 states • 25%
Increase • 33%
Decrease • 33%
No significant change • 34%
