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California's Senate Bill 1047, known as the Safe and Secure Frontier Artificial Intelligence Act, has raised concerns about its potential negative impact on AI innovation. The bill, if not amended, could stifle AI development and create challenges for the industry. AI has the potential to revolutionize various sectors, including healthcare, with significant economic benefits projected.
The bill's provisions, such as imposing liability on major AI developers and creating a new regulatory body, have sparked criticism from developers and investors. Companies like Meta have expressed concerns about the bill's impact on AI innovation in California. The proposed Frontier Model Division within the state Department of Technology could face challenges in enforcing the law and raising revenue.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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