Google, Meta & OpenAI Asked To Explain Their 'Unbelievably Powerful' Technology To Australian Parliament
Portfolio Pulse from Nina Zdinjak
Google (NASDAQ:GOOGL) and Meta (NASDAQ:META) have been summoned to Australia’s first parliamentary inquiry into artificial intelligence (AI). The inquiry, pushed for by Australia’s Legalise Cannabis Party, will address issues such as AI censorship, job displacement, and salary impact. The party has expressed frustration over their posts being removed from social media sites by AI censors.
June 28, 2023 | 5:02 pm
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NEGATIVE IMPACT
Google has been summoned to Australia’s first parliamentary inquiry into AI, which could lead to increased regulatory scrutiny.
Increased regulatory scrutiny could potentially impact Google's operations and its approach to AI, which could have a negative impact on its stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Meta has been summoned to Australia’s first parliamentary inquiry into AI, which could lead to increased regulatory scrutiny.
Increased regulatory scrutiny could potentially impact Meta's operations and its approach to AI, which could have a negative impact on its stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100