archiveArtificial Intelligence

WASHINGTON (Reuters) - Leaders of the U.S. House of Representatives said Tuesday they are forming a bipartisan task force to explore potential legislation to address concerns around artificial intelligence.Efforts in Congress to pass legislation addressing AI have stalled despite numerous high-level forums and legislative proposals over the past year.House Speaker Mike Johnson, a Republican, and Democratic Leader Hakeem Jeffries said the task force would be charged with producing a comprehensive report and consider "guardrails that may be appropriate to safeguard the nation against current and emerging threats."Generative AI - which...

Technology stocks led the stock market to new all-time highs in the past year. In fact, the Technology Select Sector SPDR ETF (ticker: XLK) has more than doubled the S&P 500's total return in the past 12 months. For more than a decade, brief periods of tech sector underperformance have consistently been long-term buying opportunities, and that trend seems likely to continue to play out in 2024. Inflation and elevated interest rates remain headwinds for tech earnings in the near term, however, making stock selection critical. Here are 10 of...