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Fortune
Fortune
Paolo Confino

Tom Siebel says there's no need for new AI regulatory agency

C3.ai CEO Tom Siebel (Credit: Bloomberg)

The landmark AI safety bill sitting on California Governor Gavin Newsom’s desk has another detractor in longtime Silicon Valley figure Tom Siebel. 

SB 1047, as the bill is known, is among the most comprehensive, and therefore polarizing, pieces of AI legislation. The main focus of the bill is to hold major AI companies accountable in the event their models cause catastrophic harm, such as mass casualties, shutting down critical infrastructure, or being used to create biological or chemical weapons, according to the bill. The bill would apply to AI developers that produce so-called “frontier models,” meaning those that took at least $100 million to develop. 

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