00:00It's Benzinga and here's what's on the block.
00:02California Governor Gavin Newsom vetoed a controversial AI safety bill citing concerns
00:07from the tech industry about potential hindrances to innovation.
00:11Newsom argued the bill's stringent standards could be applied too broadly, affecting even
00:16low-risk AI systems.
00:18He called for a science-based approach to AI regulation and ordered state agencies to
00:22assess risks from catastrophic AI events.
00:25The bill faced strong opposition from major AI developers like Google, Microsoft, and
00:30Meta.
00:31Proponents, including Elon Musk and Amazon-backed Anthropic, supported the need for regulation
00:35but raised concerns about specific provisions.
00:38For all things money, visit Benzinga.com.
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