The Top 12 AI Stocks Taking Wall Street by Storm is a list we recently put together. This article will examine Tesla, Inc.’s (NASDAQ:TSLA) position in relation to other AI stocks.
Is strict regulation the best course of action when it comes to AI? Not nearly, said U.S. Vice President JD Vance. Rather, Vance rejects content moderation as “authoritarian censorship” and believes that “massive” controls on AI could stifle the technology. Similarly, the United States and the United Kingdom have refused to sign the final declaration of a recent AI summit, which stated that AI should be safe, ethical, open, and inclusive.
Countries seem to place more emphasis on competition than safety and inclusivity now that the AI arms race is well underway. According to Vance, the US is adamantly opposed to the European Union’s stringent regulations and plans to maintain its position as the leading authority in AI.
“We believe that excessive regulation of the AI sector could kill a transformative industry. We feel very strongly that AI must remain free from ideological bias and that American AI will not be co-opted into a tool for authoritarian censorship.”
Vance also mentioned criticizing the “massive regulations” established by Europe’s online privacy laws and the EU’s Digital Services Act. He claims that these regulations will simply result in smaller businesses having to pay exorbitant legal compliance fees.
“Of course, we want to ensure the internet is a safe place, but it is one thing to prevent a predator from preying on a child on the internet, and it is something quite different to prevent a grown man or woman from accessing an opinion that the government thinks is misinformation”.
The UN Secretary-General António Guterres has correctly cautioned that although AI is already changing our world, its power is “in the hands of a few,” based on these talks and the announcement that the US and the UK have refused to sign the worldwide AI declaration.
We chose AI stocks for this article by looking through press announcements, stock analyses, and news stories. Hedge funds are also big fans of these equities.
For what reason do we care about the stocks that hedge funds invest in? The explanation is straightforward: by copying the top stock selections of the top hedge funds, we can outperform the market, according to our analysis. The method used in our weekly newsletter, which chooses 14 small- and large-cap companies each quarter, has outperformed its benchmark by 150 percentage points and returned 275% since May 2014.
