Bobby Allen
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
A draft White House executive order viewed by NPR aims to override state AI regulations that have passed around the country.
States have enacted more than 100 laws reigning in various aspects of AI, while Congress has not passed any.
According to the Trump administration's proposed order, not enforcing those state laws would be a condition of receiving federal funding for broadband investments, and the Justice Department would be instructed to sue states over the laws.
The pushes being led by AI and cryptos are David Sachs, a billionaire tech investor who is leading the White House's policy on AI.
Legal observers say if it is signed, the order would likely face a legal challenge for interfering with the democratic process of state legislators.
Peter Thiel's hedge fund selling off a massive investment in NVIDIA came after SoftBank did the same last week.
Together, the moves are stoking investor concern that the AI industry is in a speculative bubble that could soon pop.
Tech firms are pouring billions into AI data centers and infrastructure.
Wall Street trader Michael Burry has become a prominent voice in the AI bubble discourse.
Burry made hundreds of millions of dollars by betting against the housing market before the subprime mortgage crash and was a central figure in the book The Big Short.
Burry recently revealed that his asset management company is betting against NVIDIA.
He wrote on X, sometimes we see bubbles.
Peter Thiel's hedge fund selling off a massive investment in Nvidia came after SoftBank did the same last week.
Together the moves are stoking investor concern that the AI industry is in a speculative bubble that could soon pop.
Tech firms are pouring billions into AI data centers and infrastructure.