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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.