Loading...
Market
What will be the impact on AI development in California if SB 1047 becomes law by December 31, 2024?
1
Resolution / Starting Odds
Increase in compliance costs • 25%
Decrease in AI innovation • 25%
No significant impact • 25%
Increase in AI safety and security • 25%
Verified reports from tech industry analysts and news sources
Story
California's SB 1047 AI Safety Bill Awaits Governor's Decision with 57% Chance of Approval
Aug 31, 2024, 07:03 PM
California's legislature has passed the controversial AI Safety Bill, known as SB 1047, which aims to impose new safety requirements for developers of large-scale AI models. The bill, introduced by State Senator Scott Wiener, is designed to prevent the misuse of AI technologies and ensure their safe development. However, the bill has sparked controversy, with critics arguing that it could stifle innovation in the tech industry. The bill now awaits the decision of Governor Gavin Newsom, who has until the end of September to sign or veto the legislation. There is significant debate among stakeholders, including tech companies and policymakers, about the potential impact of the bill on innovation and AI safety. The bill also includes provisions that would allow California to sue AI makers for non-compliance. As the deadline approaches, there is a 57% chance predicted by betting markets that Newsom will sign the bill into law.
View original story
Similar markets
Significant slowdown • 25%
No significant impact • 25%
Increased innovation • 25%
Other • 25%
Yes • 50%
No • 50%
Passes • 25%
Fails • 25%
Postponed • 25%
Withdrawn • 25%
Passes with majority • 25%
Fails to pass • 25%
Passes with amendments • 25%
Other • 25%
Passes with 2/3 majority • 25%
Passes with simple majority • 25%
Fails • 25%
Vote delayed • 25%
Relocate headquarters • 25%
Comply with the bill • 25%
File a lawsuit • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
