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AI is now a part of our lives: regulators are looking to keep tabs on the biggest players, the tech titans are now looking to make money from it, and we’re all still wondering – is it the end of civilization as we know it? Who’s going to get there first on meaningful regulation? Who are the biggest AI players you haven’t thought of yet? Will legal battles squash innovation, or open it up? Yahoo Finance caught up with experts across the industry to answer these questions and more as part of its weekly series The AI Revolution. Here are some of the best moments.
Where are we now? (00:00:05)
Yahoo Finance Tech Editor Dan Howley discussed Nvidia's (NVDA) AI advancements, competitors Intel (INTC) and Advanced Micro Devices (AMD), and where the AI race will go moving forward. "Nvidia is the AI king. They eclipsed the $1 trillion market cap in June," Howley said. "The big ones (rivals) really are AMD, which has been a long-time thorn in their side, and Intel."
Radio Free Mobile Founder Richard Windsor discussed the outlook for generative AI adoption and corporate valuations. Windsor explained, "There is a big use case for artificial intelligence, yes. It's just not worth the valuations that people are ascribing to them because they think the prices are going to be much higher than they really are."
Finding a referee (00:00:46)
Yahoo Finance Legal Reporter Alexis Keenan broke down global AI regulation policies—comparing how different countries are setting up different rules for AI. Keenan said, "The deep fakes, these are one of the major risks that IP lawyers, tech lawyers talk about ... Also, AI that impacts government infrastructure, that's another big area of concern."
U.S. Rep. Ted Lieu (D-Ca.) is a part of the bipartisan effort introducing the Federal Artificial Intelligence Risk Management Act to Congress, which aims to provide AI regulatory guidelines. Rep. Lieu explained, "What this bill does is it mandates that the standards set forth by the (National) Institute of Standards and Technology be applied to both the Federal government as well as any companies that want to contract with the Federal government."
Tom Davenport, Babson College President’s Distinguished Professor of Information Technology and Management, discussed the adoption of AI and AI regulation across the globe. Davenport said, "A lot of potential opportunity. The biggest barrier now is in the data and how organizations get their data ready for generative AI."
Monetizing AI (00:01:37)
AI Now Institute Co-Founder and Chief Advisor Meredith Whittaker broke down the recent tech sector layoffs and restructurings that have been fueled by AI. Whittaker said, "I think what we need is to see increased union density, so workers have more leverage over deciding where AI is introduced and how it's used."