Commerce Secretary Raimondo Says U.S. Wants To Know If China Or Non-State Actors Are Using U.S. Cloud For AI Model Training; U,S, Computing Companies Should Have "Burden Of Knowing Who Their Customers Are Training The Biggest (AI) Models"
Portfolio Pulse from Benzinga Newsdesk
U.S. Commerce Secretary Raimondo has expressed concerns about China or non-state actors potentially using U.S. cloud services for AI model training. She emphasized that U.S. computing companies should be responsible for identifying their customers, especially those training large AI models.
January 26, 2024 | 6:45 pm
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The statement by Commerce Secretary Raimondo may lead to increased regulatory scrutiny on companies within the SPY ETF that provide cloud services, potentially affecting their operations and costs.
The statement suggests a potential for new regulations or stricter enforcement of existing ones, which could lead to increased compliance costs and operational challenges for cloud computing companies within the SPY ETF. This could negatively impact their stock prices in the short term as investors assess the implications.
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