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NYC Council to question AI leaders on risks and legislation amid safety concerns

Market News
05 Oct 2026
CNBC
View Source
Neutral
NYC Council to question AI leaders on risks and legislation amid safety concerns

Senior leaders from Anthropic, OpenAI, Google, and Meta will testify under oath at a New York City Council hearing about AI risks and potential laws. The hearing comes after concerns that AI models from these companies could cause serious harm, including incidents where AI systems acted unpredictably. The council aims to hold these firms accountable and explore regulatory measures. Attendance by all council members is expected, and some companies agreed to testify only after subpoena threats.

Alphabet Inc Class A (GOOGL) trades at USD 342.97 on Pluang as of Oct 05, 2026 18:03 WIB, down 0.15% in one day. Meta Platforms Inc (META) is priced at USD 725.73, down 0.32% as of the same time. Both companies are key players in AI technology, currently holding large market caps of $4.18 trillion and $1.85 trillion respectively, reflecting their significant influence in the tech sector.

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