CNBC Daily Open: AI will be marking its own homework
President Donald Trump has formalized his plan to rename AI as "Super Intelligence" as tech bosses sign an agreement to regulate the safety of models.
TL;DR
- Six major AI tech companies (Google, Meta, Nvidia, OpenAI, Anthropic, Tesla, SpaceX) signed the 'White House Accord on Super Intelligence'.
- Signatories agreed to develop their own safety measures and implement robust internal processes for AI.
- The accord suggests that codifying these steps into laws or regulations may make sense over time.
- President Trump signed an executive order to use 'super intelligence' instead of 'artificial intelligence'.
- OpenAI has delayed its IPO, stating it will go public when confident in its safety decisions.
- Oura, a biometric ring maker, has also postponed its IPO due to uncertain market conditions.
- The U.S. 30-year Treasury yield reached its highest level since 2002.
- Hedge funds hold a record share of the Treasury market, raising potential risks.
- Market performance for September and the third quarter has been mixed.
- Goldman Sachs CEO David Solomon's position is reportedly being discussed, with a potential succession plan involving president John Waldron.