Pelosi Criticizes California's AI Regulation Bill

Former House Speaker argues SB 1047 could stifle innovation and harm the AI ecosystem.

Nancy Pelosi calls the bill 'well-intentioned but ill-informed,' aligning with concerns of tech giants like Meta and Google.
The bill mandates safety testing for AI models costing over $100 million and aims to establish a public cloud for AI development.
Critics argue the bill's vague language could deter AI innovation and make California less attractive for tech development.
Supporters, including some AI researchers, believe the bill is essential for consumer protection and ethical AI deployment.
The bill faces opposition from both tech industry leaders and some lawmakers, with a vote expected by the end of August.