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Billionaire investors of the internet era are now locked in a war of words and influenced to determine whether AI's future will be one of concentrated safety or unfettered advancement. The stakes couldn't be higher.<br/><br/>In May 2023, OpenAI CEO Sam Altman appeared on Capitol Hill for a Senate subcommittee meeting on AI. The substance of his message: Regulate us. For his opponents, this was the mask-off moment they’d been waiting for. Three months earlier, Musk, who had cofounded and bankrolled OpenAI when it was still an open source nonprofit, had taken to X to decry OpenAI’s recent multibillion dollar capital infusion from Microsoft. From its nonprofit roots, OpenAI had evolved into a “closed source, maximum profit company effectively controlled by Microsoft,” Musk said.<br/><br/>For Vinod Khosla and Reid Hoffman—who met with Altman together at least once to talk strategy but otherwise move in separate circles—OpenAI’s willingness to compromise is how to get things done. Whether Hoffman is talking to Biden, Pope Francis or U.S. Commerce Secretary Gina Raimondo, a frequent collaborator in recent months, their questions are similar: How will constituents’ lives change because of AI? What about their jobs? When should they be excited for benefits, or cautious about risks? “You have to show you understand what their primary game is, and that they can trust you to figure it out,” Hoffman says. “If your approach to government is to say ‘get out of my way,’ then you’re not helping with their game.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/alexkonrad/2024/06/04/inside-silicon-valley-influence-battle-for-ai-future/?sh=44d2570c2dc4<br/><br/>0:00 Introduction<br/>0:59 Where Is Silicon Valley On AI<br/>5:03 Reid Hoffman And The State Of Open AI<br/>7:44 Where Does Social Media And AI Regulation Stand?<br/>9:55 Vinod Khosla's Take On Open AI And The State Of The Industry<br/>13:30 Will Regulations Aid Our Society From AI Going To Far?<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Billionaires Are Battling For The Fate Of AI. Will The World Benefit From The Outcome_

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Business Analysis for All

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Pluralsight Courses and Tutorials

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Microsoft is to invest more than $2bn into cloud AI in Sweden.

Microsoft to invest more than $3bn into Swedish AI

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Nvidia, NVDA, reached $3 trillion in market cap Wednesday, joining Apple and Microsoft as the third company to achieve the milestone. Nvidia is also the second-largest holding in the S&P 500.

Nvidia Crosses $3T Market Cap: AI Darling Joins Ranks Of Apple, Microsoft, Closes At All-Time High

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Nvidia's market value has surged past $3 trillion, overtaking Apple to become the second most valuable publicly listed company in the world behind Microsoft. Nvidia's share price rose 5% on Wednesday to over $1,200. Valued at just $2 trillion in February, Nvidia's announced stock split that will increase shares by 10x and lower their price is expected to generate more demand. Founded in 1993, Nvidia was originally a graphics chip maker but added machine learning features, positioning it for the AI revolution. Nvidia reported $26 billion in sales for the last quarter, more than triple the previous year's and up 18% from the prior quarter, showing explosive growth.

Nvidia Becomes Second Most Valuable Company at Over $3 Trillion Behind Microsoft, Riding on the AI Boom

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Create Pluralsight Premium Account for free in 2023 (100% working)

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Introduction to Microsoft Copilot on Pluralsight #shorts

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