Tech
Nvidia, Microsoft and Google write to SEC against AI
Bitcoin mining giant Nvidia, along with Microsoft, Google and other major US tech companies, have written to the Securities and Exchange Commission (SEC) that artificial intelligence is a threat to corporate finances.
Nvidia with Microsoft, Google and tech brands write to SEC against AI
From what emergedIt appears that a dozen major tech brands have written to the U.S. Securities and Exchange Commission (SEC) regarding artificial intelligence.
Specifically, it is a “risk factors” report, which indicates how artificial intelligence (AI) could threaten corporate finances.
Among the big Big Tech companies, there is Nvidia of miningbut also Microsoft, Google, Adobe, Dell, Meta, Oracle, Palo Alto Networks, Uber and at least a few others.
In practice, such AI Risks Report Filed With SEC to ensure that it is made available for disclosure to investors.
In fact, all these big tech brands are in a way sending out a warning that has the for the purpose of indemnifying a company from legal liability for foreseeable risks.
To give some practical examples, Microsoft has presented a report stating that the development and use of artificial intelligence risks being prosecuted for copyright infringement.
In the case of Meta, however, the warning concerns its Artificial Intelligence tools that could be used to generate disinformation.
Nvidia Mining and AI Risk Factors Ratio Doesn’t Stop Investments
The fact that Big Tech has filed its report on AI “risk factors” with the SEC, does not appear to have slowed down investments.
Speaking precisely of Nvidiathe brand that has become popular in the Bitcoin and cryptocurrency mining industry, today its stock seems to be riding the wave bullish wave thanks to its attention to artificial intelligence.
In June, in fact, the actions of the AI leader, Nvidia, overcome 3000 billion market capitalization.
Not only that, even in the month of June, albeit temporarily, Nvidia stocks had also surpassed Apple among the world’s most valuable technology stocks.
At the time of writing, the general classification still sees Microsoft in first place, followed by Apple and, with a market capitalization of 3.155 billion, Nvidia.
The new cryptographic project to develop open source artificial intelligence
There has been talk recently about Sentientthe new Cryptographic project that aims to develop artificial intelligence (AI) based on the underlying open source code.
In this regard, Sentient has obtained a Initial funding led by Pantera Capital, Framework Ventures and Peter Thiel’s Founders Fund, for a total of $85 million.
The basic idea of Sentient is to address concerns about the proliferation of artificial intelligence, which sees the underlying code concentrated in the hands of a few superpowers such as Big Tech Google or Meta.
It is about alleviating such concerns. using blockchain technologythus creating decentralization with Artificial Intelligence. Sentient will be built on Polygon.