State and Local Leaders Rush to Regulate AI Amid Federal Inaction, Risking Innovation-Stifling Patchwork
• State and local leaders rushing to set AI policies, with over 400% increase in bills in past year
• Proposals vary widely, from studying AI to imposing sweeping regulations on tech companies
• Contradictory ideas floated, like AI R&D funding but also taxes and restrictions on algorithms
• With federal inaction, risk of patchwork of regulations holding back innovation and growth
• Need principled federal framework to promote AI innovation and investment, not bureaucratic meddling