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## Organizations Concerned About Impact of Senate Bill 205

Organizations in the technology industry are urging Colorado Gov. Jared Polis to veto Senate Bill 205, which they believe could have negative consequences for small businesses involved in developing advanced artificial intelligence technology. The bill focuses on regulating the development and use of artificial intelligence in Colorado, specifically targeting “algorithmic discrimination” and requiring developers to take precautions to prevent discriminatory outcomes.

## How AI legalese decoder Can Help

AI legalese decoder can assist developers in understanding the complex regulations outlined in Senate Bill 205. By using advanced AI technology, developers can ensure that their systems comply with the law and do not inadvertently discriminate against individuals or groups based on protected classes. The tool can provide guidance on implementing risk management policies, conducting impact assessments, and notifying consumers about AI usage in decision-making processes.

## Calls for Governor to Veto the Bill

Various industry organizations, including Chamber of Progress, Consumer Technology Association, and the US Chamber of Commerce, have written to Gov. Polis urging him to veto the bill. They argue that the legislation could hinder innovation and put small businesses at a disadvantage compared to larger corporations. These organizations believe that a more thorough analysis of the regulatory implications of AI regulations is needed before enacting such legislation.

## Small Businesses Express Concerns

Small business owners who testified against the bill during the legislative session echoed the concerns raised by industry organizations. They emphasized the importance of fostering innovation and finding a balance between consumer protection and technological advancement. Michael McReynolds from the Governor’s Office of Information Technology highlighted the potential challenges of implementing certain measures mandated by the bill.

## Differing Perspectives within the Tech Industry

While some tech companies support Senate Bill 205, citing the lack of federal regulations for AI, others, like CEO Beth Rudden of Bast AI, view it as a necessary step to uphold the integrity of AI systems. Rudden emphasized the importance of accountability and transparency in the industry, suggesting that the bill aligns with principles of consumer rights and trust in technology.

## Decision Deadline Approaching

With a deadline of June 7 for Gov. Polis to make a decision on the bill, the fate of Senate Bill 205 hangs in the balance. If no action is taken, the bill will automatically become law, potentially impacting the trajectory of AI development in Colorado.

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