Senate Bill 1047, introduced by State Senator Scott Wiener, aims to impose safety regulations on AI models over $100 million, requiring risk management plans and audits.
Wiener insists the bill isn't about stifling technology, arguing that while AI offers great potential, it also carries significant risks that must be managed adequately.
Despite the bill's intentions, powerful tech firms like Meta and Google warn that its regulations could dampen innovation and lead to potential legal ramifications for developers.
In light of the bill's upcoming vote, Democratic Congress members expressed concern that it could have broader implications for the AI industry's growth in California.
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