Meta, Google Slam California's AI Safety Bill, Say It Will Make The Ecosystem 'Less Safe:' Mark Zuckerberg's Chief AI Scientist Calls It 'Apocalyptic'
Portfolio Pulse from Benzinga Neuro
Meta and Google are opposing a California bill that would impose stringent safety regulations on AI companies. The bill aims to mitigate AI risks but is criticized for potentially stifling innovation and creating regulatory fragmentation. The regulations would apply to AI systems costing over $100 million in computing power to train.
July 02, 2024 | 7:40 am
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NEGATIVE IMPACT
Google opposes California's AI safety bill, arguing it could stifle innovation and create regulatory fragmentation.
Google's opposition to the bill indicates potential regulatory hurdles that could affect its AI initiatives, leading to short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Meta opposes California's AI safety bill, arguing it could make the AI ecosystem less safe and stifle innovation.
Meta's opposition to the bill suggests potential regulatory challenges that could impact its AI development and operations, leading to short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100