• bitcoinBitcoin(BTC)$80,748.00-0.04%
  • ethereumEthereum(ETH)$2,335.50-0.39%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$745.06-0.60%
  • rippleXRP(XRP)$1.29-2.14%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$100.92-0.74%
  • tronTRON(TRX)$0.3310640.36%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.052.47%
  • zcashZcash(ZEC)$1,336.003.96%
  • HyperliquidHyperliquid(HYPE)$93.7416.66%
  • dogecoinDogecoin(DOGE)$0.0794050.15%
  • moneroMonero(XMR)$603.780.47%
  • USDSUSDS(USDS)$1.000.01%
  • whitebitWhiteBIT Coin(WBT)$77.46-0.10%
  • chainlinkChainlink(LINK)$11.701.10%
  • leo-tokenLEO Token(LEO)$9.460.70%
  • cardanoCardano(ADA)$0.202833-0.01%
  • stellarStellar(XLM)$0.170209-0.02%
  • nearNEAR Protocol(NEAR)$4.47-3.00%
  • bitcoin-cashBitcoin Cash(BCH)$288.090.63%
  • RainRain(RAIN)$0.006441-7.81%
  • daiDai(DAI)$1.000.01%
  • Ethena USDeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$7.252.31%
  • litecoinLitecoin(LTC)$57.67-1.72%
  • CantonCanton(CC)$0.1016561.46%
  • avalanche-2Avalanche(AVAX)$8.85-0.18%
  • USD1USD1(USD1)$1.000.00%
  • suiSui(SUI)$0.930.49%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.22-1.71%
  • hedera-hashgraphHedera(HBAR)$0.073544-1.99%
  • tether-goldTether Gold(XAUT)$4,009.09-0.60%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • BittensorBittensor(TAO)$253.460.03%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • shiba-inuShiba Inu(SHIB)$0.0000050.60%
  • EthenaEthena(ENA)$0.2109206.84%
  • quant-networkQuant(QNT)$191.72-1.58%
  • crypto-com-chainCronos(CRO)$0.053072-0.45%
  • Ripple USDRipple USD(RLUSD)$1.00-0.01%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.15-0.07%
  • MemeCoreMemeCore(M)$1.04-6.87%
  • okbOKB(OKB)$113.072.51%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • BitwayBitway(BTW)$1.54-10.88%
  • pepePepe(PEPE)$0.0000059.72%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • aaveAave(AAVE)$133.521.05%
  • Pump.funPump.fun(PUMP)$0.0044705.59%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

California lawmakers demand AI firms install ‘kill switch’

June 7, 2024
in Business
Reading Time: 4 mins read
A A
California lawmakers demand AI firms install ‘kill switch’
ShareShareShareShareShare

Artificial intelligence companies are pushing back against California state lawmakers’ demand that they install a “kill switch” designed to mitigate potential dangers posed by the new technology — with some threatening to leave Silicon Valley altogether.

YOU MAY ALSO LIKE

Demand for weight-loss drugs fuels Eli Lilly stock surge — market cap hits $1.2 trillion

Everyday essentials push credit balances higher as debt delinquency rises

Scott Wiener, a Democratic state senator, introduced legislation that would force tech companies to comply with regulations fleshed out by a new government-run agency designed to prevent AI companies from allowing their products to gain “a hazardous capability” such as starting a nuclear war.

Wiener and other lawmakers want to install guardrails around “extremely large” AI systems that have the potential to spit out instructions for creating disasters — such as building chemical weapons or assisting in cyberattacks — that could cause at least $500 million in damages.

The measure, supported by some of the most renowned AI researchers, would also create a new state agency to oversee developers and provide best practices, including for still-more powerful models that don’t yet exist.

Scott Wiener, a Democratic lawmaker in the California State Senate, is proposing legislation to regulate AI. Getty Images

The state attorney general also would be able to pursue legal actions in case of violations.

But tech firms are threatening to relocate away from California if the new legislation is enshrined into law.

The bill was passed last month by the state Senate.

A general assembly vote is scheduled for August. If it is passed, it goes to the desk of Gov. Gavin Newsom.

A spokesperson for the governor told The Post: “We typically don’t comment on pending legislation.”

A senior Silicon Valley venture capitalist told Financial Times on Friday that he has fielded complaints from tech startup founders who have mused about leaving California altogether in response to the proposed legislation.

“My advice to everyone that asks is we stay and fight,” the venture capitalist told FT. “But this will put a chill on open source and the start-up ecosystem. I do think some founders will elect to leave.”

The biggest objections from tech firms to the proposal are that it will stifle innovation by deterring software engineers from taking bold risks with their products due to fears of a hypothetical scenario that may never come to pass.

“If someone wanted to come up with regulations to stifle innovation, one could hardly do better,” Andrew Ng, an AI expert who has led projects at Google and Chinese firm Baidu, told FT.

Lawmakers have grappled with how to regulate AI, which has advanced rapidly in recent years. AP

“It creates massive liabilities for science-fiction risks, and so stokes fear in anyone daring to innovate.”

Arun Rao, lead product manager for generative AI at Meta, wrote on X last week that the bill was “unworkable” and would “end open source in [California].”

“The net tax impact by destroying the AI industry and driving companies out could be in the billions, as both companies and highly paid workers leave,” he wrote.

Prominent Silicon Valley tech researchers have expressed alarm in recent years over the rapid advancement of artificial intelligence, saying that the consequences for humans could be dire.

“I think we’re not ready, I think we don’t know what we’re doing, and I think we’re all going to die,” AI theorist Eliezer Yudkowsky, who is viewed as particularly extreme by his tech peers, said in an interview last summer.

Yudkowsky echoed concerns voiced by the likes of Elon Musk and other tech figures who advocated a six-month pause on AI research.

Musk said last year that there’s a “non-zero chance” that AI could “go Terminator” on humanity.

AI firms in California have threatened to leave the state over a proposed law that would require them to install a “kill switch.” Rafael Henrique/SOPA Images/Shutterstock

Worries about artificial intelligence systems outsmarting humans and running wild have intensified with the rise of a new generation of highly capable AI chatbots such as ChatGPT.

Earlier this year, European Union lawmakers gave final approval to a law that seeks to regulate AI.

The law’s early drafts focused on AI systems carrying out narrowly limited tasks, like scanning resumes and job applications.

The astonishing rise of general purpose AI models, exemplified by OpenAI’s ChatGPT, sent EU policymakers scrambling to keep up.

They added provisions for so-called generative AI models, the technology underpinning AI chatbot systems that can produce unique and seemingly lifelike responses, images and more.

Developers of general purpose AI models — from European startups to OpenAI and Google — will have to provide a detailed summary of the text, pictures, video and other data on the internet that is used to train the systems as well as follow EU copyright law.

Some AI uses are banned because they’re deemed to pose an unacceptable risk, like social scoring systems that govern how people behave, some types of predictive policing and emotion recognition systems in school and workplaces.

With Post Wires

Credit: Source link

ShareTweetSendSharePin

Related Posts

Demand for weight-loss drugs fuels Eli Lilly stock surge — market cap hits .2 trillion
Business

Demand for weight-loss drugs fuels Eli Lilly stock surge — market cap hits $1.2 trillion

October 29, 2026
Everyday essentials push credit balances higher as debt delinquency rises
Business

Everyday essentials push credit balances higher as debt delinquency rises

October 29, 2026
DoorDash buys Instacart for B in massive food delivery merger
Business

DoorDash buys Instacart for $17B in massive food delivery merger

October 29, 2026
Google parent Alphabet tumbles after profit disappoints
Business

Google parent Alphabet tumbles after profit disappoints

October 28, 2026
Next Post
Is the Risk of AI Worth the Reward?

Is the Risk of AI Worth the Reward?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Brad Raffensperger chats election security in Georgia ahead of midterms

Brad Raffensperger chats election security in Georgia ahead of midterms

October 27, 2026
OpenAI Says Its Models Produced Three Proofs in Math, CS, and Physics – Unite.AI

OpenAI Says Its Models Produced Three Proofs in Math, CS, and Physics – Unite.AI

October 26, 2026
Don’t Panic: Markets Are About To Drop AGAIN!?

Don’t Panic: Markets Are About To Drop AGAIN!?

October 29, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!