Bolivia Orders Pre-Trial Detention of Former President Luis Arce Over Embezzlement Probe 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Environmental Group Sues to Block Trump Image on U.S. National Park Passes 
Italy Supreme Court Upholds Salvini Acquittal in Migrant Kidnapping Case 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Brazil Arrests Former Peruvian Foreign Minister Augusto Blacker Miller in International Fraud Case 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Elon Musk is throwing his weight behind a landmark California bill that would enforce rigorous safety tests on AI models, spotlighting the urgent need for regulation in a rapidly evolving tech landscape.
Musk’s Call for AI Regulation
Elon Musk, CEO of Tesla and owner of the social networking platform X, expressed his opinion on Monday that the state of California ought to enact a law pertaining to artificial intelligence (AI) that would mandate that certain tech businesses and AI developers undertake safety testing on their own models.
Musk urged the state to approve SB 1047 and stated, "For over 20 years, I have been an advocate for AI regulation, just as we regulate any product/technology that is a potential risk to the public." The post was made on X.
California’s Legislative Drive on AI
Reuters elaborates that this legislative season, lawmakers in California attempted to introduce 65 bills pertaining to artificial intelligence (AI), according to the state's legislative database. These measures included efforts to safeguard the intellectual property of deceased individuals from potential exploitation by AI companies and to guarantee that all algorithmic decisions are proven to be unbiased. Lots of these bills have already died.
Earlier in the day, OpenAI—which Microsoft has backed—spoke in favor of AB 3211, a law introduced in California that would mandate the labeling of AI-generated content. This content might be anything from innocuous memes to deepfakes designed to disseminate false information about political candidates.
Concerns Over AI in Elections
Experts are concerned about the role that artificial intelligence-generated content will play in the next elections, which will be held in nations that represent a third of the world's population this year. Furthermore, AI-generated content has already been significant in several elections, such as the one in Indonesia.
