California Moves Toward AI Regulation
California Governor Gavin Newsom has taken significant action to regulate artificial intelligence (AI) by issuing an executive order on Friday, targeting the “potential dangers” of AI. This marks the first concrete regulatory step following concerns raised by former Anthropic researcher Jacon Coxon’s viral resignation post, which has garnered over 165 million views, highlighting AI’s risks. Under the new order, a panel of experts will have two months to draft stricter AI regulations, potentially including mandatory safety reviews and emergency “kill switch” mechanisms for AI models.
In response to increasing regulatory actions at the state level, U.S. Treasury Secretary Scott Bessent has emphasized that developers, not AI, are accountable for its impacts, rejecting calls for a federal “liability shield.” Meanwhile, the AI market remains volatile, prompting experts to discuss strategies for investors navigating the uncertain landscape, particularly in robust commodities like copper, which may benefit from anticipated tariffs and increased demand. Freeport-McMoRan (FCX) is highlighted as a key player in this sector, having risen almost 40% year-to-date amidst these dynamics.
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