Opinion
California’s Effort to Regulate AI Would Stifle Innovation
A bill approved by the state Senate would impose burdensome rules on model developers and could hamper competition.
Lauren Wagner is the founder of Radium Ventures and adviser to the Data & Trust Alliance.
The artificial intelligence boom has ignited an intense response from regulators that will shape the future of AI startups, platforms and open source. President Joe Biden last year issued an executive order on AI and the EU has its AI Act. In the first half of 2024, state lawmakers across the U.S. have introduced 745 AI-related bills—10 times as many as were proposed in all of 2023.
California’s most sweeping and restrictive AI bill, SB 1047: Safe and Secure Innovation for Frontier Artificial Intelligence Models, recently passed the Senate and next will go to the Assembly. If enacted, it will transform the world’s largest AI innovation economy.