On Monday, OpenAI outlined its vision for the future of artificial intelligence (AI) in the U.S. and pointed out that it was important for the United States to secure outside investment and implement supportive regulations to maintain an edge over China in this emerging technology.
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OpenAI Lays Out Vision in “Economic Blueprint”
The AI startup laid out this vision in an “Economic Blueprint,” a 15-page document, and argued that the U.S. must act swiftly to develop nationwide rules addressing the essential elements for AI success, that is, “chips, data, and energy.” Furthermore, OpenAI warned that without immediate action, global funds, an estimated $175 billion, “will flow to China-backed projects —strengthening the Chinese Communist Party’s global influence.”
Additionally, in its proposal, OpenAI called for export controls on AI models, asserting that such technology should be kept out of the reach of adversary nations that might misuse this technology. In order to discuss these ideas further, OpenAI plans to host an event in Washington, D.C. later this month.
OpenAI’s Vision Document Comes at an Opportune Time
The timing of this announcement is particularly significant, coming just days before President-elect Donald Trump’s inauguration. There are widespread expectations that the new Trump administration is likely to be more tech-friendly with former PayPal (PYPL) executive David Sacks named as Trump’s AI and crypto czar.
Additionally, Sam Altman, CEO of OpenAI, made headlines for donating $1 million to Trump’s inaugural fund, signaling his commitment to improving ties with the incoming administration.
As a Microsoft-backed (MSFT) startup, OpenAI is working towards becoming a for-profit entity to secure the necessary funding for its ambitious AI endeavors. After raising $6.6 billion last year, OpenAI is aiming to capture even more capital to stay ahead in the high-stakes AI race.
What Are the Best AI Stocks?
For investors interested in investing in the artificial intelligence sector, we have rounded up the best stocks that analysts are bullish about, using the TipRanks Stock Comparison tool. From this graphic, it appears that analysts are bullish about Nvidia (NVDA), Amazon (AMZN), Micron (MU), Google (GOOGL), Meta (META) and Microsoft (MSFT).
