Elizabeth Warren's take is wrong: This hurts startups, not big tech. 

Big tech has armies of lawyers to comply with whatever the states come up with. 

But scrappy startups trying to bring a new AI product to market might not be able to handle the massive compliance costs of a 50-state AI regulatory regime.

So what the Senate has done doesn't affect Google—but it does prevent the next Google from being built. And that puts the US behind in the AI space race.

The Senate voted 99-1 (!!!) to strip the measure pausing state AI regulations from the tax bill early this morning. A huge loss for Silicon Valley leaders, big tech companies and venture capital who lobbied for the provision. 
 https://t.co/D6NbRNRjz9

Big Tech companies snuck a line into the Republican bill that'd stop local and state governments from having ANY rules about AI for TEN YEARS.

But we fought back — and won!

This fight is not over, but we are not powerless.

Elizabeth Warren

Elizabeth Warren's take is wrong: This hurts startups, not big tech. 

Big tech has armies of lawyers to comply with whatever the states come up with. 

But scrappy startups trying to bring a new AI product to market might not be able to handle the massive compliance costs of a 50-state AI regulatory regime.

So what the Senate has done doesn't affect Google—but it does prevent the next Google from being built. And that puts the US behind in the AI space race.

https://x.com/SenWarren/status/1940055045405646911

As we said in our recommendations on the AI Action Plan:

lawyer and investor @ True Ventures / fmr GC @Paradigm, @Circle, DHS / law, tech, policy, security, crypto
 / coldebella.substack.com