US lawmakers announce bill to ban superintelligent AI and pause advanced development

Sen. Bernie Sanders and Rep. Greg Casar announced the forthcoming Ban Artificial Superintelligence Act. It would ban superintelligent AI, pause advanced AI development until a new federal regulator sets rules, and create a cabinet-level AI agency. It had been announced but not formally introduced at the time.

What it means for business: an announced bill with uncertain prospects; no current obligations.