The Trump administration will ease the way for OpenAI, Oracle, MGX, and SoftBank to build a generative AI computing system.

The Dow Jones Industrial Average was up 136 points, or 0.3%, as of 11:55 a.m. Eastern time. The Nasdaq composite was 1.5% higher.

The new bill being drafted in New York aims to regulate advanced AI systems while addressing concerns with the California bill.

Capturing a growing share of the global AI economy could help spark thousands of new, well-paying jobs at a time when much of the city’s job growth has been in low-wage occupations and private sector employment is up just 2.5 percent since before the pandemic hit.

President Trump on Tuesday announced a $500 joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.

New York will be the first state to require notifications by businesses of AI-related job losses under an executive action Gov. Kathy Hochul will announce Tuesday.

The new agreement “includes changes to the exclusivity on new capacity, moving to a model where Microsoft has a right of first refusal (ROFR),” Microsoft says. “To further support OpenAI, Microsoft has approved OpenAI’s ability to build additional capacity, primarily for research and training of models.”

Shares of prominent technology companies experienced gains in Wednesday's trading session, following the announcement of a significant joint venture in the artificial intelligence (AI) sector. Server manufacturers Dell (NYSE:DELL) and Super Micro saw their stocks rise by 3% and 4.

The CIA has been stepping up its efforts to keep up with AI advances — and has developed a particularly spy-tastic way of using chatbots.

AI companies would have to hire independent auditors to evaluate their systems for algorithmic bias in employment, banking and government services under a New York measure (S.B. 1169) introduced Wednesday.

Anyone with concerns about the environmental impact of flying commercial should probably be aware of how much carbon is produced by using AI tools like ChatGPT: Each month, the AI chatbot produces more than 260,

Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.