Following significant lobbying from major tech companies, California Governor Gavin Newsom (D-Calif.) has vetoed a bill designed to regulate AI, citing concerns that it could stifle innovation. What Happened: Newsom made his decision at the eleventh hour, after the bill had been passed by the state legislature in late August. The proposed legislation, known as SB 1047, would have imposed stringent rules on the development of powerful AI models, including the implementation of a kill switch to prevent potential harm. On Sunday, in a letter to the state senate, Newsom defended his veto of the Sa…
