Democrats after midterm victory seek AI and data center regulation
Fresh off their midterm victory, Democrats in Congress are setting their sights on tech regulation, especially around artificial intelligence (AI) and the fast-growing number of data centers.
Their new legislation aims to keep energy costs in check for consumers and hold AI labs accountable for their products, targeting the same tech sector that had close ties to Donald Trump's second administration.
Democrats's tech push spurs AI-chip sell-off
The push has already rattled markets, triggering a massive sell-off of AI-chip related stocks.
Still, leaders like Rep. Zoe Lofgren say they want "responsible regulations" that don't kill innovation.
The goal is to find a balance: making sure AI grows safely and ethically while protecting consumer rights and keeping up with China's rapid tech progress.