Cathie Wood’s Ark Invest Says Joe Biden’s AI Executive Order Likely To Benefit OpenAI, Anthropic: ‘Could Disappear If The Administration Changes’

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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 foundati…

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