In a significant move, the California Senate has passed the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB 1047) with a vote of 29-9. The bill now heads to Governor Gavin Newsom’s desk for ratification.

A Divided Tech Industry

The bill has received mixed reactions from the tech industry. Elon Musk, a prominent supporter of the bill, stated that it was a “tough call” but necessary due to the potential risks associated with AI. On the other hand, OpenAI chief strategy officer Jason Kwon and Calanthia Mei, co-founder of decentralized AI network Masa, have expressed their opposition to the bill.

Concerns About Premature Regulation

Critics argue that the bill is premature and could stifle innovation in the AI industry. Mei stated that “premature regulations like this will not only drive talent out of California; it will drive talent out of America.” She also warned that the legislation’s ultimate cost would be to “drive talent out of the US” as it “did to crypto.”

Support for a Decentralized Approach

However, some experts believe that a decentralized approach could be the key to ensuring the safe development of AI. Raheel Govindji, CEO of DecideAI, proposes that a DAO-controlled killswitch could support the requirements of the legislation while still retaining collective and transparent decision-making.

A Fast-Moving Industry

The AI industry is rapidly evolving, with new products and features being developed every day. Mei noted that “the speed of AI innovation is unparalleled,” but also warned that setting limits for high-potential technologies could be unwise.

What’s Next?

As the bill awaits ratification by Governor Newsom, it remains to be seen how the tech industry will respond to the new regulations. Some companies, such as Anthropic, have publicly supported the bill, while others may choose to flee California or cease operations in the state altogether.

The Future of AI Regulation

SB 1047 could set a precedent for future AI regulation at the state and federal level. The bill’s impact on the industry will be closely watched, with many experts predicting that it will drive innovation and ensure public safety.