House Democrats, Republicans unveil bipartisan AI kill switch bill targeting companies with $500M+ revenue; allows government shutdown of rogue models after OpenAI hack, with penalties up to $20M per day.

House AI ‘kill switch’ bill unveiled as OpenAI hack raises alarms

It would apply to AI companies that bring in at least $500 million in revenue from such technology per year, and would generally cover models developed using at least $100 million worth of computing power. Financial penalties for violations could run up to $20 million per day.The new bill is one of the few bipartisan proposals on Capitol Hill meant to address risks posed by advanced AI models, and comes less than two months after Reps. Jay Obernolte (R-Calif.) and Lori Trahan (D-Mass.) unveiled ...