Big Tech wants AI to be regulated so why do they oppose a California AI bill?

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Big Tech wants AI to be regulated so why do they oppose a California AI bill?
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A look at why bill regulating AI has faced backlash from Silicon Valley technologists, lawmakers

California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad opposition.

As well, the bill would require developers to hire third-party auditors to assess their safety practices and provide additional protections to whistleblowers speaking out against AI abuses.SB 1047 has already passed the state Senate by a 32-1 vote. Last week it passed the state Assembly appropriations committee, setting up a vote by the full Assembly. If it passes by the end of the legislative session on Aug. 31, it would advance to Governor Gavin Newsom to sign or veto by Sept. 30.

Pelosi this week called SB 1047 ill-informed and said it may cause more harm than good. In an open letter last week, the Democrats said the bill could drive developers from the state and threaten so-called open-source AI models, which rely on code that is freely available for anyone to use or modify.

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