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AI Executives Urge Congress to Prioritize Innovation Over Regulation in US-China Tech Race

  • OpenAI CEO Sam Altman and executives from Microsoft and Advanced Micro Devices testified about AI's potential impact on global business and culture during a Senate hearing.
  • Executives urged lawmakers to streamline policies related to AI projects and fundraising to maintain U.S. Competitiveness against China.
  • The U.S. Department of Energy reported that electricity usage for data centers could double or triple by 2028, raising concerns about power generation for AI infrastructure.
  • Senators acknowledged AI's importance for national security and global influence, emphasizing the need for a cohesive regulatory framework for the technology.
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thepaypers.com broke the news in on Wednesday, May 7, 2025.
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