Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

OpenAI urges US to prioritize AI funding, regulation to stay ahead of China

admin by admin
January 13, 2025
in Stock
0
OpenAI urges US to prioritize AI funding, regulation to stay ahead of China
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

(Reuters) -OpenAI on Monday laid out its vision for artificial intelligence development in the U.S., saying the country needs outside investment and supportive regulation to stay ahead of China in the race for the nascent technology.

“Chips, data and energy are the keys to winning AI” and the U.S. needs to act now to craft nationwide rules that can help secure its advantage, the AI startup said in a 15-page document called its “Economic Blueprint”.

The move comes just days before President-elect Donald Trump takes office, bringing with him an administration that is widely expected to be more friendly to the tech industry with former PayPal (NASDAQ:PYPL) executive David Sacks as its AI and crypto czar.

OpenAI CEO Sam Altman also donated around $1 million to Trump’s inaugural fund, making him one of the several executives looking to improve their ties with Trump.

“There’s an estimated $175 billion sitting in global funds awaiting investment in AI projects, and if the U.S. doesn’t attract those funds, they will flow to China-backed projects —strengthening the Chinese Communist Party’s global influence,” OpenAI said in the document.

It also outlined proposals for export controls on AI models, which it said should be out of the reach of adversary nations that may be more likely to misuse the technology.

The startup plans to host an event in Washington D.C. later this month to discuss its proposals.

Microsoft-backed OpenAI has been looking to drum up support for its plan to turn into a for-profit business as it looks to capture even more funding to stay ahead in the costly AI race, after raising $6.6 billion last year.

This post appeared first on investing.com

Previous Post

AirSculpt Technologies’ shares fall following lower 2024 preliminary results

Next Post

HCLTech misses Q3 revenue targets, narrows growth forecast amid tech spending slowdown

admin

admin

Next Post
HCLTech misses Q3 revenue targets, narrows growth forecast amid tech spending slowdown

HCLTech misses Q3 revenue targets, narrows growth forecast amid tech spending slowdown

Trending News

Fed’s next rate cut will be smaller, traders bet

Fed’s next rate cut will be smaller, traders bet

September 19, 2024
From Alibaba to BYD: DeepSeek breakthrough fuels a tech stock rally in China

From Alibaba to BYD: DeepSeek breakthrough fuels a tech stock rally in China

February 12, 2025
Bitcoin trades above $110,000 as US ETF inflows surge 85%

Bitcoin trades above $110,000 as US ETF inflows surge 85%

May 22, 2025
Subscribe to Insightful Word


    Recent News

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    June 7, 2025
    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    June 7, 2025
    Gemini crypto exchange planning to go public following Circle’s IPO success

    Gemini crypto exchange planning to go public following Circle’s IPO success

    June 7, 2025
    Top 2 private equity stocks to buy for the second half of 2025

    Top 2 private equity stocks to buy for the second half of 2025

    June 7, 2025

    Recent News

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    June 7, 2025
    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    June 7, 2025

    Latest News

    • XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling
    • Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home
    • Gemini crypto exchange planning to go public following Circle’s IPO success

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.