PYMNTS.com October 1, 2024
Gov. Gavin Newsom’s recent veto of California’s artificial intelligence (AI) safety bill has triggered a heated debate about the future of AI regulation, its impact on innovation, and the prospects for federal action.
The decision, framed as a step toward more “workable guardrails,” has drawn mixed reactions from industry leaders, policymakers and experts. The veto of SB 1047, which would have established the nation’s first state-level AI regulatory framework, underscores the complex challenge of governing rapidly evolving technology.
Former Congressman Patrick Murphy, now CEO of Togal.AI, told PYMNTS that the decision essentially ensures “a largely unregulated market when it comes to AI competition in Silicon Valley.” He added that this means “fewer guardrails; more leeway to experiment.”
Murphy also...
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