Tom Siebel: AI models are too complex for regulators—new government agencies won't help [Fortune]
C3.ai, Inc. Class A (AI)
Last c3.ai, inc. class a earnings: 2/6 04:35 pm
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Source: Fortune
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. Another key provision is the establishment of a new regulatory body, the Board of Frontier Models, that would oversee these AI models. Setting up such a group is unnecessary, according to Siebel, who is CEO of C3.ai. “This is just whacked,” he told Fortune Prior to founding C3.ai (which trades under the stock ticker $AI), Siebel founded and helmed Siebel Systems, a pioneer in CRM software, which he eventually sold to Oracle for $5.8 billion in 2005. (Disclosure: The for
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AI
Earnings
- 9/4/24 - Beat
AI
Sec Filings
- 11/4/24 - Form 4
- 10/29/24 - Form 4
- 10/11/24 - Form 4
- AI's page on the SEC website