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Musk and other tech titans meet Congress, call for AI “referee”

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Tesla CEO Elon Musk, alongside Meta Platforms CEO Mark Zuckerberg and Alphabet CEO Sundar Pichai, recently met with lawmakers behind closed doors at Capitol Hill to discuss the regulation of artificial intelligence (AI) in the United States.

They emphasised the need for a regulatory body to oversee AI’s safe and responsible use, similar to a referee in sports. Musk, who also owns the social media platform X, stressed the importance of ensuring that companies take actions that prioritise public safety.

Musk referred to the meeting as a “service to humanity” and suggested it could be a pivotal moment in history for civilization. He described AI as a “double-edged sword,” highlighting its potential benefits and risks.

Zuckerberg echoed the sentiment, emphasising that Congress should engage with AI to support both innovation and safeguards. He argued that it was preferable for American companies to work alongside the government in setting AI standards on crucial issues.

Over 60 senators participated in the discussion, with a consensus emerging on the need for government regulation of AI. However, the specifics of such regulation, including its timeline and form, remained uncertain. Republican Senator Mike Rounds noted that crafting legislation would take time, and they were not yet ready to proceed.

Senator Cory Booker acknowledged that there was agreement on the government’s regulatory role, but crafting legislation would be a complex challenge. Lawmakers expressed concerns about addressing issues like deepfakes, election interference, and the protection of critical infrastructure from AI-related threats.

U.S. Senate Majority Leader Chuck Schumer emphasised the importance of Congress’s role in shaping AI policy. He stated that Congress needed to participate to maximise AI’s benefits while minimising its risks.

Notable attendees at the meeting included Nvidia CEO Jensen Huang, Microsoft CEO Satya Nadella, IBM CEO Arvind Krishna, former Microsoft CEO Bill Gates, and AFL-CIO labour federation President Liz Shuler.

The discussions centred on balancing innovation with safeguards and addressing the potential risks associated with AI technology.

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How Donald Trump’s business policies will shape the U.S. economy

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Business leaders are closely monitoring the impact that President-elect Donald Trump’s forthcoming policies might have on the financial landscape.

In a resounding victory, Trump captured both the electoral and popular vote to become the 47th President of the United States.

Trump’s landslide victory is fueling discussions on how his administration’s potential policy changes could reshape tax and trade systems as well as influence global economies.

Vick Tipnes, the CEO of Blackstone medical services joins Veronica Dudo to discuss.

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Usha Vance to make history as the first Indian-American Second Lady

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President-elect Donald Trump is assembling his transition team in Florida alongside Vice President-elect J.D. Vance as they prepare for the upcoming administration.

This election ushers in significant milestones, including Usha Vance, who will be the first Indian American and Hindu to serve as Second Lady of the United States.

As the daughter of Indian immigrants, her presence marks a moment of cultural representation in American politics.

Vice President-elect J.D. Vance praised his wife’s unwavering support, attributing her strength as a key factor in their successful campaign.

This new chapter signals a blend of continuity and change in the White House, promising a term marked by historical firsts and renewed policy efforts.

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Biden urges calm after election upset

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U.S. President Joe Biden is calling on Americans to “bring down the temperature” after Donald Trump’s stunning return to the presidency.

Speaking to Democrats shaken by Vice President Kamala Harris’ defeat, Biden urged, “Setbacks are unavoidable. Giving up is unforgivable.”

He praised the election as proof of America’s strong and trustworthy electoral system, stressing that it remains “honest, fair, and transparent.”

Biden extended an invitation to President-elect Trump to meet at the White House—a gesture Trump himself had not extended in 2020.

Meanwhile, Trump’s team confirms he plans to meet with Biden soon, as he begins building his leadership team.

Some Democrats say Biden, now 81, may have hurt Harris’ chances by initially seeking re-election, only dropping his bid after a difficult TV debate in July.

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