AI’s top CEO just pulled a fast one on Congress

The proof government won't save workers from AI

June 13, 2023 In mid-May, Congress grilled the CEO of OpenAI and ChatGPT founder Sam Altman on the need for regulation in the AI field. And—disarmingly agreeable—Altman said he shared their fears. And he joined them in calling for greater regulation of AI. But we’ve seen this movie before… Remember when Congress hauled Mark Zuckerberg for questioning social media’s impact on America? One Senator, Orrin Hatch of Utah, actually asked Zuckerberg how his company made money by giving away a service for free. Zuckerberg barely concealed a smirk as he told the Senator that Meta ran ads. With that level of tech expertise in Congress, it’s no wonder they failed to ban TikTok last spring… even though Republicans and Democrats called it a massive surveillance tool for China. When testifying before Congress earlier this year, TikTok’s CEO Shou Chew understood what Zuckerberg and Altman have grasped… Sound conciliatory. Say you share their concerns. And then… count on politicians to do nothing to rein your company in. The grim truth is… politicians aren’t going to save the American worker from AI. And with 300 million jobs projected to be impacted, our leaders and workforce seem to be sleepwalking into disaster. But amid this danger, my colleague Eric Fry has found one major silver lining. AI will create unimaginable chaos and uncertainty… but Eric has found a way for regular people to position themselves and potentially make 10x their money as the revolution unfolds. This presentation reveals what’s at stake. Regards, Luke Lango Editor, InvestorPlace

Manage your account We hope this timely investment research is valuable to you. As you know the markets move fast and conditions change frequently. So please check the current issue for the most recent advice. Please note that we cannot be liable for any missed bulletins caused by overzealous filters. To ensure that you continue to receive this valuable part of your service please take a moment to add (LukeLango@exct.Investorplace.com) to your address book. You can reach us at feedback@investorplace.com or by calling 1-800-219-8592. Have a question about your bill? Visit our billing FAQs. Too many emails? Click or tap Manage my subscription to unsubscribe from free newsletter emails or Unsubscribe from marketing to stop receiving marketing emails.   InvestorPlace Media LLC 1125 N. Charles St, Baltimore, MD 21201 Copyright © 2023 All rights reserved.