California Governor Gavin Newsom vetoed a controversial AI safety bill, citing concerns from the tech industry about potential hindrances to innovation. Newsom argued the bill’s stringent standards could be applied too broadly, affecting even low-risk AI systems. He called for a science-based approach to AI regulation and ordered state agencies to assess risks from catastrophic AI events. The bill faced strong opposition from major AI developers like Google, Microsoft, and Meta. Proponents, including Elon Musk and Amazon-backed Anthropic, supported the need for regulation but raised concerns about specific provisions.
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00:00It's Benzinga and here's what's on the block.
00:02California Governor Gavin Newsom vetoed a controversial AI safety bill citing concerns
00:07from the tech industry about potential hindrances to innovation.
00:11Newsom argued the bill's stringent standards could be applied too broadly, affecting even
00:16low-risk AI systems.
00:18He called for a science-based approach to AI regulation and ordered state agencies to
00:22assess risks from catastrophic AI events.
00:25The bill faced strong opposition from major AI developers like Google, Microsoft, and
00:30Meta.
00:31Proponents, including Elon Musk and Amazon-backed Anthropic, supported the need for regulation
00:35but raised concerns about specific provisions.
00:38For all things money, visit Benzinga.com.