US president endorses move to restrict regulation by states after lobbying from Silicon Valley

Investors are worried that tech companies are overspending on artificial intelligence and there’s a bubble that could burst.

The child advocacy nonprofit Fairplay issued an advisory on Thursday warning people against buying AI toys this holiday season. It’s not the only group.

Careers News: Google CEO Sundar Pichai foresees AI taking over complex tasks, even his own job, within a year. This aligns with other tech leaders like OpenAI’s Sam

(Reuters) -Global technology shares rallied on Thursday after Nvidia’s blow-out quarterly results signalled that demand for artificial intelligence hardware remains strong even as analysts caution the boom may be outpacing ​fundamentals. The chip bellwether’s stellar results tempered some concerns over a potential AI bubble, although questions lingered around the sustainability of ‌the massive spending boom not paying off as anticipated. Nvidia is on track to add about $243 billion to its market cap, which is more than entire valuation of companies ‌such as PepsiCo, and Goldman Sachs, if gains hold, with shares up 5% at $196.53 in premarket trading.

We risk losing economic opportunities and leaving working families at the mercy of job cuts.

As states strive to curb health insurers’ use of artificial intelligence, patients and doctors are arming themselves with AI tools to fight claims denials, prior authorizations and soaring medical bills.

“We should expect Gen AI to play a greater role for terrorists and violent extremists in the near future,” expert David Welles told Newsweek.