Written by 11:33 AM World

California Governor has veto power over AI regulation bill…Silicon Valley ‘relieved’


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, “‘California Governor Gavin Newsom (pictured) exercised veto power in the Artificial Intelligence (AI) Regulation Act.”,
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, “Governor Newsom, in a statement on the 29th (local time), exercised veto power over the bill known as ‘SB1047’, stating that the bill ‘does not consider whether AI systems are deployed in high-risk environments, involve important decisions, or use sensitive data.'”,
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, “There is an assessment that this decision, putting a brake on a strong attempt at AI regulation and ending a month-long controversy, gave a hand to Silicon Valley.”,
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, “He added, ‘Applying strict standards even to the most basic functions’ and expressed that he ‘does not believe it is the best way to protect the public.'”,
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, “This decision was made a month after the state assembly passed the bill on the 28th of last month.”,
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, “Governor Newsom exercised his veto power one day before the signing deadline on the 30th.”,
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, “The AI regulation law includes provisions that when a company releases AI models costing over $100 million to the public, they must test their safety in advance. If an AI model causes human death or property damage of up to $500 million (approximately 660 billion won), the state attorney general can also sue the company. It also proposes equipping a ‘kill switch’ function to completely shut down the AI model in emergencies, and providing protection for employees who seek to disclose issues with AI systems. The bill is evaluated as potentially the strongest and most comprehensive AI regulation in all companies in California, regardless of where their headquarters are located within the U.S.”,
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