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Alex Bores on AI Regulation, Industry Opposition, and Tech Policy

Bloomberg PodcastsDecember 18, 202548 min4,302 views
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The AI Industry's Opposition to Bores

  • 🎯 Alex Bores, a New York State Assemblymember and candidate for Congress, is being targeted by a new $100 million AI super PAC called Leading the Future.
  • 💡 This opposition stems from Bores's prominent role in pushing for AI regulation at the state level, particularly through the RAISE Act.
  • 💰 The AI industry views state-level regulation as an existential threat, leading to significant financial backing against Bores's campaign.

The RAISE Act and AI Safety Standards

  • 📜 The RAISE Act aims to establish safety standards for advanced AI research, requiring major frontier labs (like Meta, Google, OpenAI) to disclose public safety plans and critical safety incidents.
  • ⚠️ A key provision prevents the release of models that fail the companies' own safety tests, drawing a parallel to the tobacco industry's past denial of health risks.
  • ⚖️ The bill includes fines for violations, though the initial proposal for fines based on training costs was adjusted to a maximum of $10 million and $30 million due to New York's preference against uncapped penalties.

Defining Frontier Models and Addressing Concerns

  • 🔬 The RAISE Act applies to companies spending over $100 million on compute for final model training, or those training a model that itself cost $100 million and involved 10^26 FLOPs.
  • 🧠 It also addresses models trained via knowledge distillation, a technique used by China to circumvent US compute export controls.
  • 🚫 While the RAISE Act focuses on safety, other legislative efforts address discrimination and the
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What’s Discussed

AI RegulationRAISE ActFrontier ModelsAI SafetyKnowledge DistillationPalantirDeepfakesGovernment TechnologyData IntegrationAI PolicySuper PACsUS-China AI CompetitionNew York State AssemblyCryptocurrency Regulation
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