Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

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

by
January 13, 2025
in Investing
0
OpenAI urges US to prioritize AI funding, regulation to stay ahead of China

(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

Amicus stock surges on positive 2024 revenue outlook

Next Post
Amicus stock surges on positive 2024 revenue outlook

Amicus stock surges on positive 2024 revenue outlook

  • Trending
  • Comments
  • Latest
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

November 8, 2025
Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’

Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’

November 8, 2025
Socialist wave spreads coast to coast as progressive Democrats rally around Zohran Mamdani’s NYC win

Socialist wave spreads coast to coast as progressive Democrats rally around Zohran Mamdani’s NYC win

November 8, 2025
State Dept says G20 boycott tied to South Africa’s ‘government-sponsored discrimination’ against Afrikaners

State Dept says G20 boycott tied to South Africa’s ‘government-sponsored discrimination’ against Afrikaners

November 8, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

    Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

    November 8, 2025
    Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’

    Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’

    November 8, 2025
    Socialist wave spreads coast to coast as progressive Democrats rally around Zohran Mamdani’s NYC win

    Socialist wave spreads coast to coast as progressive Democrats rally around Zohran Mamdani’s NYC win

    November 8, 2025
    State Dept says G20 boycott tied to South Africa’s ‘government-sponsored discrimination’ against Afrikaners

    State Dept says G20 boycott tied to South Africa’s ‘government-sponsored discrimination’ against Afrikaners

    November 8, 2025

    Top News

    Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

    Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

    November 8, 2025
    Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’

    Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’

    November 8, 2025

    Latest News

    • Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly
    • Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’
    • Socialist wave spreads coast to coast as progressive Democrats rally around Zohran Mamdani’s NYC win

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.