Eight more tech companies including Adobe (ADBE), IBM (IBM), chip giant Nvidia (NVDA) have signed up for President Joe Biden’s voluntary commitments regarding artificial intelligence. These voluntary safeguards require various steps such as watermarking AI-generated content and third-party oversight on the workings of AI systems.
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The original safeguards, which were announced back in July, aim to ensure that AI cannot be used for destructive purposes. Google (GOOGL), OpenAI and Microsoft (MSFT) had signed onto the commitments back in July itself.
Meanwhile, tech bigwigs including Tesla’s (TSLA) Elon Musk, Microsoft’s (MSFT) CEO Satya Nadella and co-founder Bill Gates, Meta Platform’s (META) Mark Zuckerberg and Google (GOOGL) parent Alphabet chief Sundar Pichai will be attending the AI Insight Forum on Capitol Hill on Wednesday, convened by Senate Majority Leader Chuck Schumer of New York, a Democrat. This Forum aims to help lawmakers understand AI and how to better regulate it.
For investors interested in getting an exposure to AI companies, the Global X Artificial Intelligence & Technology ETF (AIQ) ETF offers a good option. The ETF has performed remarkably well, soaring by more than 40% year-to-date.
