The bill will probably be met with criticism from a large section of Silicon Valley that argues regulators are moving too aggressively and risk enshrining systems that make it difficult for start-ups to compete with big companies.

Prominent researchers and AI leaders from companies including Google and OpenAI signed a letter stating that the tech was on par with nuclear weapons and pandemics in its potential to cause harm to civilization. The group that organized that statement, the Center for AI Safety, was involved in drafting the new legislation.

Of fucking course. This is nothing more or less than an attempt at regulatory capture by the largest players in the market.