White House AI czar rules out federal bailout for the sector
NegativeFinancial Markets

White House AI czar rules out federal bailout for the sector
The White House's AI czar has announced that there will be no federal bailout for the technology sector, signaling a tough stance on financial support for AI companies facing challenges. This decision is significant as it reflects the administration's commitment to a more regulated approach to AI development, prioritizing accountability over financial rescue. The move may impact startups and established firms alike, raising concerns about the future of innovation in the industry.
— via World Pulse Now AI Editorial System







