Senators Bernie Sanders and Greg Cezar have announced their Ban Artificial Superintelligence Act. Seeking to pause advanced AI development, the legislation’s stick is pretty severe. Penalties facing entities/developers who violate the pauses and prohibitions in the bill could face up to 20 years in prison. That’s a sentence on a par with someone found guilty of designing a rogue nuclear weapon.(Image credit: Ban Artificial Superintelligence Act)The news is suddenly filled with grave concerns about AI becoming too powerful. It could even threaten the future of humanity. Moreover, it might surprise casual observers that AI industry leaders like Sam Altman, Dario Amodei, and Elon Musk appear to agree. With this threat on the horizon, politicians are keen to introduce legislation to protect the citizens they serve. According to USA Today, the Sanders bill “is the most extreme AI-related legislation to date.” It likely faces strong opposition in Congress, particularly among enterprise-supporting Democrats and Trump-aligned Republicans. However, with recent statements from industry leaders seemingly harmonizing with calls to slow down AI development and in favor of greater oversight/regulation, we could see politicians agree on something for a change.Back to the Ban Artificial Superintelligence and Temporarily Pause Advanced AI Development bill and its specific wording, we note that it is advised that the government set up a new cabinet-level federal agency "to safeguard the public from the dangers of artificial intelligence, including by enforcing a prohibition on artificial superintelligence." As well as setting harsh penalties in the U.S., it is proposed that work be done to "ban superintelligence around the world" via international agreements, allied coordination, and so on.Full speed ahead, or hit the brakes?There remain plenty of interesting arguments on both sides of the AI progress divide. It is difficult to argue that the U.S. shouldn’t keep going as fast as it can, as a matter of national security, for example. On the other hand, the whole of humanity being wiped from the face of the Earth by opening Pandora’s AI box of tricks makes geopolitical concerns seem like minor grumbles.We’ve seen some other theories about why the AI barons are suddenly in favor of regulation. Some critics say they may be running out of road, unable to balance private investments with credible paths to profitability. Thus, they now want to move away from a commercially funded model to a government-funded ‘Manhattan Project II,’ with their terrifyingly powerful AI being guarded by the state.