California passes law creating AI safety measures
(NBC, KYMA) - California has passed a first-of-its-kind law that requires artificial intelligence (AI) companies to be clear about the safeguards they have in place as they continue to grow and innovate, and this new law could have far-reaching impacts on the AI industry.
It's building companies with trillion dollar evaluations and embedding itself into our daily lives, but artificial intelligence also comes with big risks.
That's why California Senate Bill 53, now signed into law, will require large AI companies to explain how they're addressing those risks.
"There is always some balance between regulation and innovation," said Ben Parr with OctaneAI.
A balance Parr calls not only responsible, but good for business.
"There is a balance between promoting innovation so that we don't lose an AI race, and it is an AI race, and making sure that we don't shoot ourselves in the foot by hurting other people and making the industry look bad," Parr explained.
The first of its kind law mandates that major companies like OpenAI and Meta make their AI safety plans public, because California has long been seen as a world leader in AI innovation experts expect other states will follow suit, putting our technology and tech companies even further into the spotlight.
"The California regulation is going to act as the default, or de facto national regulation," said Jessica Melugin with Competitive Enterprise Institute. "I will just say that I think this one garnered special attention because of Silicon Valley. You know, it's just the heart of so much innovation, and so much technology. so much progress happens there."
