September 2, 2024: California AI Liability Bill Awaits Newsoms Decision - California bill SB 1047, designed to prevent AI-related catastrophes, awaits Governor Newsoms signature. The bill, led by Senator Scott Wiener, holds AI developers liable for significant damages, potentially reshaping the states AI industry. Supporters see it as necessary regulation; critics fear it could stifle innovation. Newsoms decision, due by September 30, could either enact these regulations or defer to potential federal oversight, which might be less stringent but slower to implement. The bill would introduce substantial compliance requirements starting in 2025.
