Who's really running AI? Inside the billion-dollar battle over regulation, with Alex Bores - Equity Recap

Podcast: Equity

Published: 2026-02-27

Duration: 23 min

Summary

In this episode, Alex Bores discusses the challenges of regulating AI while navigating the pressures from Silicon Valley billionaires. He emphasizes the importance of responsible AI deployment and the need for regulatory frameworks that prioritize safety and public interest.

What Happened

Rebecca Ballon introduces the episode by highlighting the current tensions surrounding AI regulation, particularly the pressure from the Department of Defense on companies like Anthropic. She notes the division in public opinion, with some seeing AI as a potential savior while others view it as a threat. Bores, a New York Assembly member, steps in as a voice advocating for a balanced approach to AI regulation, particularly through his work on the RAISE Act, which aims to ensure responsible AI development.

During the conversation, Bores reveals that he has become a target for Silicon Valley’s pro-AI lobby group, Leading the Future, which has committed substantial resources to campaign against him. He explains how his background in technology and his legislative achievements make him a significant threat to those pushing for unregulated AI growth. Bores argues that while there are extreme views on both sides, a majority of Americans are concerned about the rapid advancement of AI and want to see safety measures in place to protect society.

The discussion shifts to the specifics of the RAISE Act, which mandates large AI companies to implement and publicly disclose safety plans, particularly in cases of catastrophic incidents. Bores emphasizes that accountability in AI development is crucial, and highlights the similarities between his bill and California’s SB 53, noting that both aim to enhance safety without imposing overly restrictive measures. He concludes by underscoring the need for responsible oversight in AI, reflecting a broader public sentiment that seeks to balance innovation with safety.

Key Insights

• Public opinion on AI is not polarized; most people want a balanced approach to its regulation.
• Bores positions himself as a significant threat to Silicon Valley's push for unregulated AI due to his expertise and legislative actions.
• The RAISE Act requires major AI companies to publicly commit to safety plans and report critical incidents, aiming to enhance accountability.
• Bores believes the majority of Americans are concerned about AI's rapid advancement and want government action to ensure safety.

Key Questions Answered

What is the RAISE Act and what does it aim to achieve?

The RAISE Act is a piece of legislation sponsored by Alex Bores that requires major AI companies, such as Google and Meta, to develop and publicly share safety plans. These companies must adhere to their commitments and report significant safety incidents to the government. Bores emphasizes that this legislation is targeted at the largest players in the AI sector, ensuring that they are accountable for the risks associated with their technologies.

Why is Alex Bores considered a threat to Silicon Valley billionaires?

Bores is viewed as a threat because he combines a strong understanding of technology with practical legislative achievements, such as passing the RAISE Act. His background, including a master's degree in computer science and experience in the tech industry, allows him to challenge the narratives pushed by Silicon Valley interests. Additionally, his proactive stance on regulation and safety puts him at odds with those who advocate for unchecked technological growth.

What are the main concerns about AI that Alex Bores addresses?

Bores highlights the need for a balanced approach to AI, noting that while many see its benefits, there are significant concerns about its rapid deployment without sufficient oversight. He stresses the importance of ensuring that AI advancements do not come at the expense of public safety, workers' rights, or environmental considerations. His advocacy aims to ensure that the benefits of AI are accessible to the many, rather than being monopolized by a select few.

How does public opinion on AI differ from Silicon Valley's approach?

Bores points out that public opinion on AI is not as polarized as Silicon Valley's narratives suggest. While a small minority of individuals advocate for completely halting AI development, the majority of Americans recognize its potential benefits but also express concerns about its speed and implications. This middle ground perspective is critical for shaping responsible AI policy that addresses both innovation and safety.

What role do lobbyists play in the debate over AI regulation?

Lobbyists, particularly those associated with groups like Leading the Future, play a significant role in shaping the narrative around AI regulation. Bores notes that these groups have invested heavily in campaign efforts against him, indicating their desire to maintain unregulated control over AI development. Their influence highlights the broader challenges faced by lawmakers who seek to implement regulations that prioritize public safety and accountability.