VB Transform 2024 returns this July! Over 400 enterprise leaders will gather in San Francisco from July 9-11 to dive into the advancement of GenAI strategies and engaging in thought-provoking discussions within the community. Find out how you can attend here.
A new bill introduced in the California State Senate threatens to crush the state’s vibrant artificial intelligence industry under the weight of draconian regulations and government overreach.
Senate Bill 1047, deceptively titled the “Safe and Secure Innovation for Frontier Artificial Intelligence Models Act”, would impose onerous restrictions and oversight on any company developing cutting-edge AI models.
If passed into law, it will kill innovation, concentrate power in the hands of tech giants, and cost California thousands of jobs – all while doing virtually nothing to actually protect consumers. Here’s why.
Vague definitions and lack of focus on consumer harms
The bill’s vague language gives nearly limitless power to a newly created government bureaucracy, the so-called “Frontier Model Division”, to define and police supposed “hazardous capabilities” of AI models. Startups and researchers will be forced to beg government apparatchiks for permission to innovate. The compliance burdens and legal risks will make it impossible for any but the largest tech companies to compete in AI development. Smaller players without armies of lawyers will be regulated out of existence.
VB Transform 2024 Registration is Open
Join enterprise leaders in San Francisco from July 9 to 11 for our flagship AI event. Connect with peers, explore the opportunities and challenges of Generative AI, and learn how to integrate AI applications into your industry. Register Now
Meanwhile, the bill contains no concrete provisions to prevent specific ha …
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VB Transform 2024 returns this July! Over 400 enterprise leaders will gather in San Francisco from July 9-11 to dive into the advancement of GenAI strategies and engaging in thought-provoking discussions within the community. Find out how you can attend here.
A new bill introduced in the California State Senate threatens to crush the state’s vibrant artificial intelligence industry under the weight of draconian regulations and government overreach.
Senate Bill 1047, deceptively titled the “Safe and Secure Innovation for Frontier Artificial Intelligence Models Act”, would impose onerous restrictions and oversight on any company developing cutting-edge AI models.
If passed into law, it will kill innovation, concentrate power in the hands of tech giants, and cost California thousands of jobs – all while doing virtually nothing to actually protect consumers. Here’s why.
Vague definitions and lack of focus on consumer harms
The bill’s vague language gives nearly limitless power to a newly created government bureaucracy, the so-called “Frontier Model Division”, to define and police supposed “hazardous capabilities” of AI models. Startups and researchers will be forced to beg government apparatchiks for permission to innovate. The compliance burdens and legal risks will make it impossible for any but the largest tech companies to compete in AI development. Smaller players without armies of lawyers will be regulated out of existence.
VB Transform 2024 Registration is Open
Join enterprise leaders in San Francisco from July 9 to 11 for our flagship AI event. Connect with peers, explore the opportunities and challenges of Generative AI, and learn how to integrate AI applications into your industry. Register Now
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