Warren Urges Congress to Act on AI Buildout, Starting With Data Centers

MT Newswires Live06-11 19:18

U.S. Senator Elizabeth Warren said Thursday that lawmakers should not allow "a handful of Big Tech billionaires" to "make all the decisions and get all the benefits" from artificial intelligence and called for taxing AI data centers and investing in people, in a CNBC interview.

Warren criticized voluntary AI commitments and the Trump administration's recent executive order, saying companies are unlikely to limit profits or adopt safeguards without regulatory enforcement.

Congress should use its authority to address the externalities created by AI infrastructure buildouts, focusing initially on data centers rather than companies' financial results, Warren added.

Separately, Warren has introduced the AI Bubble Transparency Act, which would require financial institutions to disclose their debt and equity exposure to AI-related companies, including chipmakers, data centers, cloud providers and hyperscalers, Bloomberg reported.

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