Two state AI bills face major test |
Image © Associated Press/Jessica Hill |
Two of the most consequential artificial intelligence bills introduced in states this year have just two weeks to survive the legislative gauntlet — and plenty of headwinds aimed at stopping them in their tracks. |
In Connecticut, legislation from Sen. James Maroney (D) cleared the Senate this week. In Colorado, Senate Majority Leader Robert Rodriguez's (D) bill, modeled on Maroney's, won committee approval. Both bills face uncertain fates; Colorado's version must still win Senate approval, and Connecticut Gov. Ned Lamont (D) has expressed wariness over Maroney's key bill. |
The bills are also earning skepticism from both industry and consumer advocates. Industry groups believe the bills place too much burden on the nascent AI economy. Consumer groups don't think they go far enough. |
There's not much time to flesh out an agreement: Both legislatures are set to adjourn May 8, leaving open the possibility — probability? — that the can gets kicked down the road. |
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Image © Celal Gunes/Anadolu via Getty Images |
TikTok vows to sue over 'unconstitutional ban' |
TikTok vowed Wednesday to challenge a law that could potentially ban the popular social media app in the U.S. Read more from The Hill. President Biden's campaign will stay on TikTok despite the bill he just signed. |
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FCC votes to restore net neutrality rules | The agency voted 3-2 along partisan lines to revive rules barring broadband providers from blocking or throttling internet traffic to some websites and speeding up access to others that pay extra fees. Read more from The Hill. And don't miss the five things you need to know about the return of net neutrality. |
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Truth Social owner seeks congressional investigation | Trump Media & Technology Group, the parent company of Truth Social, asked Congress on Tuesday to investigate "potential manipulation" of its share price. Read more at The Hill. |
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Lawmakers irate over tech industry AI lobbying |
A bipartisan group of state lawmakers from across the country is urging technology companies and industry groups not to try to thwart artificial intelligence regulation. Read more at Pluribus News. |
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Meta posts banner profits |
Facebook parent company Meta reported 1st quarter revenues of $36.5 billion, up 27% over last year, and income of $12.4 billion, up 117% year over year. Read more from the company's quarterly release. |
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Magnificent Seven performance this week |
GOOG +0.2%, AMZN -2.8%, AAPL +2.4%, META -12.2% (!!!), MSFT -1.2%, NVDA -0.6%, TSLA +14.3%. NASDAQ-100 Tech Sector: +2.3%. |
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Maryland lawmakers reveal extent of privacy lobbying |
Three Maryland Democratic lawmakers who shepherded novel, comprehensive consumer data privacy legislation this year offered blunt criticism about the tech industry lobbying effort they encountered. Lawmakers described getting bombarded with requests for changes from industry trade groups, then from individual companies. Read more at Pluribus News. |
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Arkansas moves crypto mine regulations | The twin bills that won Senate passage this week would impose noise mitigation requirements and minimum distances from commercial and residential areas, and bar those from China or other adversarial nations from owning crypto mines. Read more at the Arkansas Times. |
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California advances age verification measure |
The California Assembly Privacy and Consumer Protection Committee unanimously advanced legislation that would require age verification on adult websites. So far, only red states have approved age verification laws for adult sites. Read more at the Sacramento Bee. |
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Amazon, PayPal and Samsung report 1st quarter earnings Tuedsay. |
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A House Energy and Commerce subcommittee will hold a hearing on a bill that would require cars to include AM radios Tuesday at 10:30 a.m. EDT. |
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Samsung has introduced new EV batteries that the Korean company says can charge to 80% capacity in just nine minutes. The ultra-fast battery will enter production in 2026, while longer-living models will begin entering the market in 2029. Read more from The Register. |
Ring, the Amazon-owned security camera company, will pay $5.6 million after settling with the Federal Trade Commission over failures to protect private footage from unauthorized use. Read more at RetailWire. |
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You're all caught up! See you next week. |
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