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Tuesday, February 27, 2024
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Cathie Wood's Ark Invest Says Joe Biden's AI Executive Order Likely To Benefit OpenAI, Anthropic: 'Could Disappear If The Administration Changes'

Last week, President Joe Biden signed a landmark executive order on artificial intelligence, establishing new standards for AI safety and security. While the order has received praise from different sectors of the tech community, it has also raised some concerns about the stringent regulations stifling innovation, and Cathie Wood’s Ark Investment also belongs to the latter category.  

What Happened: In its latest weekly innovation letter, Ark Invest’s Brett Winton said that this executive order could likely profit companies like ChatGPT-parent OpenAI and Anthropic, which are “focused on foundation models and already operate at commercial scale, at the expense of ‘scrappier’ open-source efforts.”

Winton gave an example of Anthropic, which has AI alignment as one of its founding principles, making it well-suited for complying with the order’s requirements seamlessly. 

The ...

Full story available on Benzinga.com


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