- Decade-Long Immunity for Big Tech: The proposed bill grants a 10-year immunity from state-level AI regulations, allowing corporations to operate without oversight.
- Limited Oversight and Accountability: Without regulations, accountability for AI systems diminishes, risking public safety and ethical standards.
- Entrenchment of Big Tech: The absence of competition from smaller players will further entrench major companies like OpenAI and Google in the AI sector.
- Erosion of Public Trust: Lack of transparency in AI operations is likely to diminish public trust, as concerns about bias and misuse grow.
- Threat to U.S. Global Leadership: By avoiding regulatory frameworks, the U.S. risks falling behind in ethical AI development compared to regions like the EU, potentially isolating itself from international collaborations.