AI fears spook Washington as more Republicans call for greater regulation
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TL;DR
- Despite upcoming midterms, Congress lacks consensus on AI regulation with limited legislative days remaining.
- Leaders from AI companies have issued warnings about unfettered development, prompting calls for a coordinated slowdown.
- A rare bipartisan alignment is emerging, with figures like Bernie Sanders and Steve Bannon advocating for AI guardrails.
- Donald Trump opposes strict AI regulation, believing it hinders economic growth, while JD Vance suggests a need for consensus between Congress and the administration.
- Several Republicans support measures to curb AI deployment, including bans on data center construction.
- House Speaker Mike Johnson plans meetings with AI executives, but time is short before Congress adjourns.
- US Treasury yields reached 5% for the first time since 2023, influenced by oil prices, public debt, and tech company debt issuance for AI.
- Stock markets have fallen following AI companies' calls for a development slowdown.