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California's artificial intelligence (AI) safety bill, SB 1047, has raised concerns among corporate technology leaders about its potential downstream impact on their use of AI. The bill requires makers of large AI models to conduct safety tests and ensure a human can shut down the AI if it behaves dangerously. While some technology leaders believe the bill could slow down their use of AI, others see it as a step in the right direction for establishing standards and gaining confidence in AI deployment. The bill's fate is still uncertain, but many CIOs agree that federal AI regulation would be preferable to a patchwork of state-by-state rules. [Extracted from the article]

Efforts to pass legislation addressing the risks of artificial intelligence (AI) in the United States have been slow-moving, with lawmakers at the Democratic National Convention pushing for a breakthrough. Senate Majority Leader Chuck Schumer expressed optimism that Congress will pass an AI package by the end of the year. While the Senate Commerce, Science, and Transportation Committee has advanced a group of AI bills, regulation in the US has been slower compared to the European Union, which has a comprehensive set of rules. Some states, such as California, have taken the lead in passing their own AI regulations, but there is a lack of expertise among lawmakers in establishing rules for AI developers. Instead of focusing on writing complex and evolving rules, one New York lawmaker suggests changing the incentive structure for AI developers to bear some of the risk if AI causes harm. [Extracted from the article]

California is at the center of a debate over the regulation of artificial intelligence (AI). AI startups and tech giants are opposing a bill in the state legislature that they argue would impose vague constraints on the industry. The bill, known as SB 1047, requires developers of large AI models to conduct safety tests and ensure that the technology can be shut down by a human if it becomes dangerous. While some in the industry support government regulation, they believe it should be done at the federal level with more specificity. The bill has passed through several committees and is seen as crucial for shaping AI regulation in the US. [Extracted from the article]