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AI Executives Urge Congress to Prioritize Innovation Over Regulation in US-China Tech Race

  • OpenAI CEO Sam Altman and executives from Microsoft and AMD testified before Congress on the importance of U.S. Innovation in artificial intelligence to compete with China.
  • Concerns were raised about U.S. Export controls potentially pushing countries towards Chinese technology, urging lawmakers for support to maintain global leadership.
  • Senators expressed concerns over the infrastructure needed for AI and the projected doubling of electricity demand by 2030 to support data centers.
  • Senator Ted Cruz emphasized the need for cutting regulatory barriers to enhance the U.S.'s competitive edge in AI over China.
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thepaypers.com broke the news in on Wednesday, May 7, 2025.
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