tl;dr
The Biden administration is discussing limiting China's access to advanced artificial intelligence models due to safety and security reasons. The initiative, potentially led by the Commerce Department, could aim to restrict the export of closed source AI models, including those used by OpenAI, Googl...
The Biden administration is discussing limiting China's access to advanced artificial intelligence models due to safety and security reasons. The initiative, potentially led by the Commerce Department, could aim to restrict the export of closed source AI models, including those used by OpenAI, Google's Gemini, and Anthropic's Claude. These companies, supported by major tech players such as Microsoft and Amazon, are currently freely sold worldwide with minimal oversight, raising concerns in Washington about potential malicious use. Any proposal to limit AI models is considered distant, but it may leverage an executive order signed by Biden in 2022, which mandates companies to report AI model development plans based on computing power requirements to the Commerce Department. The U.S. already has export controls on semiconductors to China due to national security concerns, and cloud computing companies may be required to disclose when foreign customers use their services. President Biden recently met with his science and technology advisors to discuss AI-related risks and opportunities, while the administration has called for comments on potential AI regulation. Dear readers: We recognize that politics often intersects with the financial news, so we invite you to join the separate political discussion.
More about Alphabet Inc Class C
Company: Alphabet Inc Class C
Description: Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Industry: Technology, Services - Computer Programming, Data Processing, etc.
Market Cap: $212.60 billion
PE Ratio: 26.53
Dividend Yield: None
EPS: 6.52
52-Week High: $25.37
52-Week Low: $0.259
Average Volume: 318,145,987
Stock Price: $171.58
Price to Book: 0.609
Profit Margin: 0.154
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 304.23 billion
Current Price: $35.47
Change: 2.93
Change (%): 11.54%
52-Week Range: $31.83 - $0.364
Volume: 236,583,993
Average Volume: 472.18 million
Dividend Yield: 0.2%
EPS: $0.17
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