Demis Hassabis, head of Google's AI division, called for a U.S.-led standards body to evaluate new AI models for risks including cybersecurity and biological threats. He proposed a public-private partnership overseen by the federal government to test AI systems before deployment, aiming to address challenges as AI approaches human-level intelligence. This move comes amid rising U.S.-China competition in AI development, with calls for regulation growing as advanced AI models from both countries gain traction. The proposed body would require substantial funding and cooperation from industry to ensure safety and security in AI advancements.
Jim Cramer highlighted that technology stocks remain the best area for investors seeking significant gains due to their ability to create new growth catalysts beyond quarterly earnings. He cited Meta, SK Hynix, and Alphabet as examples of companies u...
Alphabet Inc. remains strong due to its integrated AI hardware and software capabilities, with a large cloud backlog of $462 billion. However, the stock's valuation is considered high, and there are risks from customer concentration and rising capita...
Morgan Stanley reports that major Big Tech companies like Meta, Amazon, Alphabet, Microsoft, and SpaceX are increasing their capital expenditures on AI infrastructure despite supply-chain challenges. Meta alone is projected to spend $250 billion on A...
A new bill in Washington, D.C. aims to allow fully driverless autonomous vehicles, creating a regulatory battleground between Uber and Waymo. Uber opposes the bill, fearing it would push human drivers out and give Waymo a monopoly, advocating instead...
Credit default swap (CDS) spreads are increasing for major tech companies including Oracle, Meta, Amazon, Microsoft, Alphabet, Nvidia, AMD, Intel, and Broadcom, reaching multi-month highs. This widening indicates growing caution in credit markets, co...
