Private Sector Pushes Forward Amid US-China AI Regulation Disputes
USA News Group Commentary
Issued on behalf of Avant Technologies Inc.
VANCOUVER, BC, June 25, 2024 /PRNewswire/ — USA News Group – The global economy is witnessing an arms race in artificial intelligence (AI), which is raising concerns for national security, and need for government regulation. In particular, tensions are rising between China and the United States, in where the US has cited “misuse of AI” by China, prompting calls for restrictions. Both governments are also using government subsidies to spur new advancements. However, China is not taking the threat of restriction on tech investments lightly, warning the US it’s ready to fight back, taking measures of its own. All the while, the private sector is continuing its momentum, with big tech giants leading the way in investing in AI startups, while other developers continue to make progress of their own with new developments coming recently from Avant Technologies Inc. (OTCQB: AVAI), Arm Holdings plc (NASDAQ: ARM), Pegasystems Inc. (NASDAQ: PEGA), Palantir Technologies Inc. (NYSE: PLTR), and Baidu, Inc. (NASDAQ: BIDU).
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