Long on Hype, A.I. Is No Guarantee for Profits
Summary
The Nasdaq composite index looks set to open in the red on Wednesday, after investors got a split-screen view of how two tech giants, Microsoft and Alphabet, were doing in efforts to profit from artificial intelligence. Jenna Ellis, a legal adviser to Donald Trump who publicly embraced claims that the presidential race had been stolen, pleaded guilty and agreed to cooperate with prosecutors. (Hayes began the call by “acknowledging the tragic situation playing out in Israel today.”) Land purchases in the U.S. by companies with potential ties to the Chinese Communist Party are increasingly becoming a sore point between Washington and Beijing. Senator Tim Scott, Republican of South Carolina and a 2024 presidential contender, introduced a bill on Tuesday intended to fix what he called a “significant flaw” in the review process. The committee has been hamstrung by bureaucratic issues in the past: It said last year that it had no jurisdiction to review a land purchase by Fufeng Group, a Chinese food company, near an Air Force base in Grand Forks, N.D., because the Defense Department hadn’t flagged the area.