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5h ago

AI Executives Urge Congress to Prioritize Innovation Over Regulation in U.S.-China Tech Race

Tech leaders push for streamlined policies, expanded infrastructure, and a skilled workforce to maintain U.S. AI leadership as export rules face revision.

Semiconductor chips are seen on a circuit board of a computer on February 25, 2022.
Michael Intrator, co-founder and chief executive officer, CoreWeave, testifies before a Senate Committee on Commerce, Science, and Transportation hearing, Thursday, May 8, 2025, in Washington. (AP Photo/Kevin Wolf)

Overview

  • Top executives from OpenAI, Microsoft, AMD, and CoreWeave testified before the Senate, advocating for 'light-touch' AI regulations to foster innovation and global competitiveness.
  • The Trump administration announced plans to rescind Biden-era AI chip export restrictions, with a May 15 deadline looming for finalizing new rules.
  • Industry leaders emphasized the urgent need for expanded AI infrastructure, including data centers and energy grids, alongside recruiting and training half a million electricians by 2030.
  • Microsoft and AMD warned that restrictive export controls could drive allied nations toward Chinese AI platforms, undermining U.S. technological influence.
  • OpenAI's Sam Altman highlighted the importance of global AI adoption, calling for policies that support international collaboration while maintaining democratic values.