California Gov. Gavin Newsom on Saturday vetoed a bill that would have given his state the ability to block private equity acquisitions of most health-care facilities and service providers. Why it matters: This likely kills the idea on a national level,

The bill, which would have been the first AI law in the US, would have required tech companies to test models and provided whistleblower protections to workers.

California Governor Gavin Newsom has vetoed what would have become one of the most comprehensive policies governing the safety of AI in the U.S.