
California's new AI Safety legislation includes a threshold of 10^26 flops (or equivalent capability) above which people training AI foundation models must meet certain reporting requirements.

Currently no models exist above this limit (llama-3-400b is the closest with an estimated compute budget of 5.4e25 FLOPS). However, with the inevitable march of Moore's Law (as well as algorithmic progress) we can expect the cost of training such a model to fall by roughly 4x every 2 years.
Thus, while the bill claims such a model "would cost over $100,000,000 to train", in 2030 this cost would be more like $6,250,000. Such a cost would be well within the budgets of larger open-source organizations. For example, Stability AI has reportedly spent $99M training open source models.
This question asks: "Assuming SB 1047 is passed, will the "compute threshold" of 10^26 flop be raised before 2030?"
Note that a higher threshold is less strict whereas a lower threshold is more strict. So another way of rephrasing this question is: will AI regulations be less strict in 2030?
If SB1047 is not passed (or it is passed in a sufficiently modified form that the compute threshold does not exist), this question will resolve N/A.
If SB1047 is passed with a different compute threshold, this question will be defined in terms of the actual legal threshold (and I will edit it to reflect as much).
If SB1047 is repealed, amended, or replaced in such a way that the reporting threshold is higher on 1 June, 2030, this question resolves positive.
If SB1047 remains the law of the land, or is repealed amended or replaced in such a way that the threshold is lower on 1 June, 2030, this question resolves negative.
If the threshold remains the same, but the requirements become stricter, this question resolves negative. For example, suppose a new law is passed banning models trained with >10**26 flop, this question will resolve negative.
If SB 1047 is replaced by a Federal framework or other law with substantially the same effect (with the same or lower compute threshold), this question resolves negative, even if SB 1047 itself is repealed.
If AI wipes out humanity before 2030, or the government of California ceases to function for some other reason, this question will resolve N/A.