XLK - Biden Signs AI Executive Order Tech Majors See Gains Higher Than Broader Tech Index | Benzinga
With the year 2023 almost at its end, the crypto, digital asset and AI space has seen some major changes in terms of regulations and operations. While the global crypto space is awaiting the potential approval of a spot Bitcoin ETF, President Joe Biden signed an executive order on artificial intelligence on Monday, aiming to ensure more safety in the AI space.
Companies such as Microsoft Corp. (NASDAQ: MSFT), Meta Platforms Inc. (NASDAQ: META), and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) gave voluntary commitments to the government to deploy AI safely.
Read Next: Will Biden's Landmark AI Executive Order Push Banking Industry Deeper Into Artificial Intelligence?
Stock Performances: Microsoft, Alphabet, Meta Platforms and Nvidia Corp (NASDAQ: NVDA) reported gains of around or more than 2% in today’s trading session at the time of writing. Amazon.com, Inc. (NASDAQ: AMZN) shares surged around 4%.
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