In 2024, the tech industry shifted focus from catastrophic AI risks to a more optimistic view of generative AI, largely driven by financial interests. Despite warnings from notable figures like Elon Musk about the dangers of AI, investments surged, overshadowing safety concerns. A controversial California bill aimed at regulating AI, SB 1047, was vetoed by Governor Newsom, reflecting a broader reluctance to impose restrictions. Prominent tech leaders argue that AI can be developed safely without stringent regulations. The landscape for AI policy is expected to evolve as new risks emerge.