Scott Alexander analyzes California's AI regulation bill SB1047, finding it reasonably well-designed despite misrepresentations, and ultimately supporting it as a compromise between safety and innovation. Longer summary

Scott Alexander examines California's proposed AI regulation bill SB1047, which aims to regulate large AI models. He explains that contrary to some misrepresentations, the bill is reasonably well-designed, applying only to very large models and focusing on preventing catastrophic harms like creating weapons of mass destruction or major cyberattacks. Scott addresses various objections to the bill, dismissing some as based on misunderstandings while acknowledging other more legitimate concerns. He ultimately supports the bill, seeing it as a good compromise between safety and innovation, while urging readers to pay attention to the conversation and be wary of misrepresentations. Shorter summary

Scott Alexander discusses recent events in prediction markets, including a costly prank on Manifold, debt ceiling forecasts, a study on long-term predictions, and a high-profile hyperinflation bet. Longer summary

This post covers several topics in the world of prediction markets and forecasting. It begins with the story of a Manifold user who lost $29,000 in a prank market, leading to changes in Manifold's policies. It then discusses recent predictions about the US debt ceiling, a study on long-term forecasting accuracy, and a high-profile bet about hyperinflation between Balaji Srinivasan and James Medlock. The post ends with updates on other prediction markets, including ones about open-source AI and the ACX book review contest. Shorter summary