Blockchain_Blockchain Technology - yuyjo.com
No Result
View All Result
  • Home
  • Latest
  • Market
  • Cryptocurrency
  • NFT
  • Crypto Exchange
  • Digital currency
  • Metaverse
Blockchain_Blockchain Technology - yuyjo.com
  • Home
  • Latest
  • Market
  • Cryptocurrency
  • NFT
  • Crypto Exchange
  • Digital currency
  • Metaverse
No Result
View All Result
Blockchain_Blockchain Technology - yuyjo.com
No Result
View All Result
Advertisements

Elon Musk Backs Controversial California AI Bill, Opposing OpenAI and Google Stance

Madonna by Madonna
08/27/2024

Tesla and SpaceX CEO Elon Musk has taken a bold stance in favor of California’s SB 1047 AI Safety Bill, a move that has ignited debate within the tech industry. The bill, which mandates rigorous safety testing for AI developers spending over $100 million on model development, has been met with criticism from major tech players, including OpenAI and Google.

Advertisements

In a post shared on X (formerly Twitter) on August 27, Musk acknowledged the potential controversy but stood by his position, stating, “This is a tough call and will make some people upset, but, all things considered, I think California should probably pass the SB 1047 AI safety bill.” His support for the bill has sent shockwaves through the industry, where opposition to the legislation is widespread.

Advertisements

The SB 1047 Bill requires AI developers to conduct safety testing if their project costs exceed $100 million. If violations occur, leading to damages over $500 million, the attorney general has the authority to hold developers accountable. Musk’s endorsement of the bill aligns him with a more cautious approach to AI development, focusing on safety and regulatory oversight.

Advertisements

However, industry giants such as OpenAI and Google have voiced their concerns. OpenAI Chief Strategy Officer Jason Kwon warned that the bill could stifle innovation and impede the growth of critical AI sectors. OpenAI, led by Sam Altman, is instead supporting a competing bill, AB 3211, which focuses on ‘watermarking’ AI-generated content. This legislation seeks to ensure transparency by labeling AI-produced materials, including everything from harmless memes to deepfakes that could influence political discourse.

Advertisements

Despite OpenAI’s advocacy for AB 3211, the bill remains overshadowed by the more contentious SB 1047. The AI industry is divided, with some fearing that the safety regulations in SB 1047 could be weaponized to restrict public access to AI models, particularly those offered by smaller firms.

Ethereum co-founder Vitalik Buterin weighed in on the debate, responding to Musk’s post on X. He suggested that while SB 1047 may seem like an attempt to clamp down on open-access AI models, its broader aim could be to enforce safety protocols in the medium term.

In another notable development, Musk’s social media platform, X, has garnered increased scrutiny following the arrest of Telegram founder Pavel Durov. Musk agreed that X could be the next platform to face censorship challenges, sparking further concerns about the future of free expression in the digital age.

The debate over California’s AI safety legislation continues to escalate, with Musk’s involvement drawing global attention to the complex balance between innovation, safety, and regulatory control in the rapidly evolving AI landscape.

Related topics:

Coinbase Transitioning Polygon Ticker from MATIC to POL

Binance to Expand Workforce by 1,000 as Compliance Costs Surge to $200M

KENNEDY Coin Plummets 22% After Shanahan Hints at Potential Trump Endorsement

Tags: BinanceCoinbaseEthereum
Previous Post

PayPal USD (PYUSD) Surpasses $1 Billion Market Cap Amid Rising User Activity

Next Post

BlackRock Bitcoin ETF Inflows Surge to $224M, BTC Eyes $70K Target Amid Market Uncertainty

Madonna

Madonna

Madonna, the esteemed author of our blockchain website, is a recognized authority in the field. With a wealth of experience and expertise, she brings a profound understanding of blockchain technology. Her professional insights and commitment to excellence make her a trusted source for navigating the complexities of the blockchain industry.

Related Posts

Pyth Network Disrupts $50B Financial Data Industry with On-Demand Pricing Model
Latest

Poor 20-Year Treasury Auction Triggers Market Selloff, Fueling Fears Over US Fiscal Stability

05/22/2025
What Can You Buy With 1 Dollar In China
Latest

Texas House Approves Bill to Establish State Bitcoin Strategic Reserve

05/22/2025
VanEck to Launch Private Digital Asset Fund Targeting Web3 Projects on Avalanche
Latest

VanEck to Launch Private Digital Asset Fund Targeting Web3 Projects on Avalanche

05/22/2025
U.S. Economy Faces Mounting Debt, Labor Concerns Despite Dollar Strength
Latest

U.S. Economy Faces Mounting Debt, Labor Concerns Despite Dollar Strength

05/21/2025
DeFi Leveraged Yield Strategy Gains Traction—But Risks Lurk Beneath the Surface
Latest

DeFi Leveraged Yield Strategy Gains Traction—But Risks Lurk Beneath the Surface

05/21/2025
Latest

Truth Social, owned by Trump, refutes the meme coin rumors. Trump’s son and related projects have issued statements to clarify the situation

05/21/2025
Next Post
Canadian Financial Firm Evolve Has Appointed Coinbase As Digital Asset Subcustodian

BlackRock Bitcoin ETF Inflows Surge to $224M, BTC Eyes $70K Target Amid Market Uncertainty

What’s the Inevitable Metaverse

Cryptocurrency Prices Today (August 27): BTC Drops to $62K, DOGS & NOT Prices Crash

What’s the Inevitable Metaverse

Crypto Trader Nets 400% Profit from DOGS Meme Coin Amid Exchange Listings Buzz

Recent Posts

Telegram Launches TON Blockchain-Based NFT Gift Marketplace

Telegram Launches TON Blockchain-Based NFT Gift Marketplace

05/22/2025
Building an NFT Decentralized Exchange (DEX): A Beginner’s Guide

Building an NFT Decentralized Exchange (DEX): A Beginner’s Guide

05/22/2025
Pyth Network Disrupts $50B Financial Data Industry with On-Demand Pricing Model

Poor 20-Year Treasury Auction Triggers Market Selloff, Fueling Fears Over US Fiscal Stability

05/22/2025
What Can You Buy With 1 Dollar In China

Texas House Approves Bill to Establish State Bitcoin Strategic Reserve

05/22/2025
VanEck to Launch Private Digital Asset Fund Targeting Web3 Projects on Avalanche

VanEck to Launch Private Digital Asset Fund Targeting Web3 Projects on Avalanche

05/22/2025
DeFi Leveraged Yield Strategy Gains Traction—But Risks Lurk Beneath the Surface

World Assets Ltd. Sells $135M in WLD Tokens to Fund Expansion

05/22/2025
Blockchain_Blockchain Technology - yuyjo.com

Yuyjo is a blockchain portal. Its main columns include Cryptocurrency, NFT, Crypto exchange, Digital currency, Metaverse and other columns. 【Contact us: wougua@gmail.com】

Recent News

  • Telegram Launches TON Blockchain-Based NFT Gift Marketplace 05/22/2025
  • Building an NFT Decentralized Exchange (DEX): A Beginner’s Guide 05/22/2025
  • Poor 20-Year Treasury Auction Triggers Market Selloff, Fueling Fears Over US Fiscal Stability 05/22/2025

TAGS

APENFT Binance Binance Futures Bitcoin CBDC Coinbase Coinbase Account Coinbase Wallet Digital Coin Digital Dollar Digital Rupee Digital Yuan Ethereum Facebook Metaverse Gemini Kraken NFT Coin NFT Collection OKCoin
No Result
View All Result
  • Home
  • Latest
  • Market
  • Crypto Exchange