Sen. Bernie Sanders (I-Vt.) is escalating his push for tougher AI regulation after AI pioneer Geoffrey Hinton said the possibility of superintelligent AI killing humanity is difficult to quantify, but that a 10% chance is “not an unreasonable estimate.”
On Thursday, Gov. Gavin Newsom (D-Calif.) signed legislation to protect children online and while using artificial intelligence (AI).
President Donald Trump‘s nominee for Surgeon General, Dr. Nicole Saphier, disclosed investments in Philip Morris International Inc. (NYSE:PM) and several major beverage and pharmaceutical companies, and agreed to divest from most of them if confirmed for the role.
President Donald Trump has been championing rapid data center expansion. Now, House Republicans are preparing to advance bipartisan legislation to prevent the AI infrastructure boom from pushing higher electricity costs onto American households.
The Justice Department has launched an antitrust inquiry into NVIDIA (NASDAQ:NVDA) arrangement with AI chip startup Groq, examining whether the deal was designed in a way that sidestepped regulatory review, the New York Times reported Wednesday.
Earnings Snapshot
Oracle Corporation (NYSE:ORCL) reported quarterly earnings of $1.92 per share, which beat the analyst consensus estimate of $1.74 by 10.34%, per technical analysis data. Quarterly revenue clocked in at $19.35 billion, which beat the Street estimate of $19.14 billion.
Copart, Inc. (NASDAQ:CPRT) reported quarterly earnings of 35 cents per share, which missed the consensus estimate of 38 cents, per technical data. Quarterly revenue came in at $1.15 billion, which beat the analyst consensus estimate of $1.14 billion.
Adobe Inc. (NASDAQ:ADBE) reported adjusted quarterly earnings of $6.13 per share, which beat the Street estimate of $6.09, per technical analysis data. Quarterly revenue came in at $6.76 billion, which beat the consensus estimate of $6.69 billion.
In other news headlines, Micron (MU), gives all its Taiwanese employees $32,000, in terms of bonuses for record revenue growth. The AI memory demand has spiked record earnings for the chip giant.
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