Reported 8 days ago
California Governor Gavin Newsom vetoed SB 1047, the first substantial bill aimed at regulating large-scale AI development, which sought to implement safety measures for companies investing over $100 million in AI systems. While he acknowledged the bill's good intentions, he criticized its one-size-fits-all approach and stated that it failed to consider the risks associated with AI's application in high-stakes environments. Newsom is working with AI experts to establish regulatory guardrails, highlighting the need for a balanced approach to innovation and public safety amid growing concerns over AI risks.
Source: YAHOO