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  "documentTitle": "2024 Air Street Capital The State of AI Report 2024",
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      "text": "With little prospect of bipartisan consensus emerging around broader federal AI regulation, states are pursuing their own AI laws, most notably California with SB 1047.",
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      "text": "With little prospect of bipartisan consensus emerging around broader federal AI regulation, states are pursuing their own AI laws, most notably California with SB 1047.\nBills so far tend to be focused around the disclosure of AI usage, reporting for certain high risk use cases, and consumer opt-outs. For example, the Colorado’s state legislature to include reporting requirements for high-risk systems and to create a reporting mechanism for algorithmic discrimination risks.\nHowever, the most comprehensive and controversial has been California’s SB 1047. Sponsored by the existential risk org the Center for AI Safety, the bill, it creates a safety and liability regime for foundation models.\nThe original draft of the bill spooked industry, with an unconventional method of determining in-scope models*, new reporting, compliance and enforcement, along with a government body to oversee frontier models.\nFollowing pushback by tech companies, VCs, and prominent state Democrats, the bill was significantly amended and the controversial provisions above removed. While Anthropic and Elon Musk supported the amended version, OpenAI, Meta, and a trade group representing Big Tech remained opposed.\nGovernor Gavin Newsom vetoed the bill, arguing that it risked giving “the public a false sense of security” while “curtailing the very innovation that fuels advancement in favor of the public good”.",
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