Reading the comments, this is both a "nothing burger" and a reason to geoblock California.
It does too much, and too little. The costs are too high, and too low. It's an example of corruption, but also a good first start at regulations. It will drive AI companies out of California, but also attract more companies with a lower bar for edge innovation.
Can anyone link to an actual informed and nuanced discussion of this bill? Because if it exists here, I haven't found it.