To encourage an open AI ecosystem, the White House recommends improving the financial market for compute in a framework that could look similar to spot and forward prices for commodities.

The plan, released Wednesday, includes a strong push for industries to hurry up with adopting AI — arguing that “many of America’s most critical sectors,” notably health care, have been slow to integ...

“First off, there's no such thing as woke AI,” she said. “There’s AI technology that discriminates and then there’s AI technology that actually works for all people.”

Chinese Premier Li Qiang warned that without a global consensus AI could become an "exclusive game" for a few countries and companies. It comes days after US President Donald Trump unveiled plans to slash regulations.

At least $1bn worth of Nvidia’s advanced artificial intelligence processors were shipped to China in the three months after Donald Trump tightened chip export controls, exposing the limits of Washington’s efforts to restrain Beijing’s high-tech ambitions.

“The Fed chair is apparently safe for the time being,” Ian Lyngen, head of US rates strategy at BMO Capital Markets, wrote in a note to clients.