The Zhitong Finance App learned that on Tuesday, SpaceX (SPCX.US) fell more than 4% and is now reported at $156.69. According to the news, after several weeks of subpoena confrontation, Musk's SpaceX finally agreed to attend a New York City Council technical committee hearing this Friday to be questioned about the security risks of artificial intelligence. This belated testimony brought SpaceX's AI sector into the spotlight of global regulation, and also revealed the space giant's situation with a market capitalization of over 2 trillion US dollars between capital frenzy and compliance pressure.

This hearing did not “go through the motions.” The City Council is considering 10 proposed AI regulatory legislation. Core provisions include: all AI systems sold or deployed in New York City must be equipped with a human-operated “kill switch”; violators are fined $25,000 each; mandatory third-party verification; and the nation's first AI whistleblower bonus system — whistleblowers can get a share of the fines. The city council is also considering a proposal to create private litigation rights for individuals harmed by AI.

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