We have plenty of evidence that the GDPR, when and where enforced, reduced innovation, hurt the European software industry relative to the American software industry, and helped the largest companies, particularly in advertising technology, do better and better. There were real costs to the protection of privacy that happened through the GDPR.
When I look at how this bill was drafted, I think that in protecting privacy and thinking about and addressing the potential harms of AI, to me it's clear that it was drafted with an eye towards the need for start-ups and small businesses to compete on a level playing field with the largest companies. In my view, this bill is more innovation-friendly, particularly for small businesses and start-ups, compared to the GDPR.