Close Menu
Fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Arm Launches Its First In-House Chip in 35 Years

March 24, 2026

AR Automation Tools: 3 Industry Leaders Reveal What Changed Their Cash Flow

March 24, 2026

Commodity Price Alerts Don’t Help When Your Customers Lock Quotes Three Months Out

March 24, 2026

Mexico’s Cash Culture Adapts to Infrastructure Changes Amid Growth of BNPL

March 24, 2026
Facebook X (Twitter) Instagram
Trending
  • Arm Launches Its First In-House Chip in 35 Years
  • AR Automation Tools: 3 Industry Leaders Reveal What Changed Their Cash Flow
  • Commodity Price Alerts Don’t Help When Your Customers Lock Quotes Three Months Out
  • Mexico’s Cash Culture Adapts to Infrastructure Changes Amid Growth of BNPL
  • FinTech Acquisition Activity Declines More Than Other Sectors in the First Half of 2023
  • Former Apple Designer Develops Innovative AI Interface at Hark
  • Theta Lake Expands Internationally Following Exceptional Customer Growth
  • Seasonal Income Smoothing Is the Product Nobody Has Built for Creative Freelancers
Facebook X (Twitter) Instagram Pinterest Vimeo
Fintechbits
  • News

    Mexico’s Cash Culture Adapts to Infrastructure Changes Amid Growth of BNPL

    March 24, 2026

    Theta Lake Expands Internationally Following Exceptional Customer Growth

    March 24, 2026

    AI Agents Reduce False Positives in AML Monitoring

    March 24, 2026

    AI Risk Management Toolkit: 4 Essential Pillars MAS Built With 24 Financial Partners

    March 24, 2026

    Armenia’s Fintech and Digital Ecosystem in the Caucasus: A 2026 Perspective

    March 24, 2026
  • AI

    Central African Republic’s Fintech Developments and Broader Digital Initiatives in 2026

    March 24, 2026

    The Fintech Ecosystem of Cabo Verde in 2026: Insights from an African Nation

    March 22, 2026

    Your Next Customer Might Not Be Human. Is Your Business Ready?

    March 3, 2026

    Why AI Quoting Will Split the Trades Industry in Two

    February 26, 2026

    How Fintech Companies Balance AI Automation With Human Expertise in Regulated Finance

    February 25, 2026
  • Acquisitions

    FinTech Acquisition Activity Declines More Than Other Sectors in the First Half of 2023

    March 24, 2026

    LATAM FinTech Investments Decrease 31% Year-over-Year Amid Growing Investor Caution

    March 23, 2026

    UK FinTech Deal Activity Declines by 61% Amid Five-Year Low in Investment

    March 22, 2026

    European FinTech Transactions Exceeding $100 Million Rise by 2.6 Times Quarter-over-Quarter as Funding Rebounds in Q1 2025

    March 22, 2026

    Californian Companies Led US FinTech Transactions in Q2 with a 19% Year-over-Year Increase in Activity

    March 22, 2026
  • Trends

    Brazil Maintains Leadership in LatAm FinTech Market in Q2 Despite 77% Year-over-Year Decline in Deal Activity

    March 22, 2026

    Client Churn Data Is a Better Default Predictor Than a Balance Sheet

    March 20, 2026

    European FinTech 2025 Is Back and Means Business

    March 16, 2026

    Subscription Payment Fatigue Is Coming for Children’s Services

    March 16, 2026

    Green Fintech: 5 Proven Reasons It Goes Beyond a Compliance Checkbox

    March 16, 2026
  • Insights

    Commodity Price Alerts Don’t Help When Your Customers Lock Quotes Three Months Out

    March 24, 2026

    AR Automation Tools: 3 Industry Leaders Reveal What Changed Their Cash Flow

    March 24, 2026

    Seasonal Income Smoothing Is the Product Nobody Has Built for Creative Freelancers

    March 24, 2026

    7 Practical Use Cases Where Stablecoin B2B Payments Outperform Traditional Rails

    March 23, 2026

    Parent Portal Payments: 5 Powerful Reasons They’re Fintech’s Most Overlooked Goldmine

    March 23, 2026
  • Rumors

    Gilead Snaps Up Arcellx in $7.8B Most cancers Drug Deal

    March 14, 2026

    Tilly’s Inventory Pops After This autumn Earnings Shock

    March 14, 2026

    Elliott and Jana Take Recent Actions Alongside Other Speculations

    February 22, 2026

    Hank Payments (TSX) Rises to CAD 0.26 on February 18, 2026: Catalyst Analysis

    February 19, 2026

    Abivax CEO refers to Eli Lilly acquisition speculation as a diversion.

    February 8, 2026
  • Startups

    Arm Launches Its First In-House Chip in 35 Years

    March 24, 2026

    Former Apple Designer Develops Innovative AI Interface at Hark

    March 24, 2026

    Cauldron Ferm Transforms Microbial Processes into Continuous Production Systems

    March 24, 2026

    Ultrahuman Intensifies U.S. Expansion with Ring Pro as Oura Strengthens Market Position

    March 24, 2026

    Delve Suspends Demonstrations, Insight Partners Withdraws Investment Following Allegations of ‘Fake Compliance’

    March 24, 2026
  • finjobsly
Fintechbits
Home » Top AI industry leaders meet with Biden administration to discuss needs of emerging industry
AI in Finance

Top AI industry leaders meet with Biden administration to discuss needs of emerging industry

2 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
3603e226d43a7b4bffd99389e3a20755.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

WASHINGTON (AP) — Senior Biden administration officials discussed the future of artificial intelligence Thursday in a meeting with a group of executives from OpenAI, Nvidia, Microsoft and other companies. The focus was on building U.S. data centers and the infrastructure needed to develop the technology.

White House press secretary Karine Jean-Pierre told reporters at the daily press briefing that the meeting was aimed at increasing public-private collaboration, as well as the industry’s workforce and permitting needs. The industry’s computing power will likely depend on reliable access to electricity, which is why utilities Exelon and AES also attended the meeting to discuss the power grid’s needs.

The emergence of artificial intelligence is both promising and dangerous: the automatically generated text, images, audio, and video could help boost economic productivity, but it could also displace some workers. It could also serve as both a national security tool and a threat to protect against.

President Joe Biden signed a Executive decree to address technology developmentseeking to establish protections through measures such as watermarking AI content and to address consumer rights issues.

Present at the meeting for the administration were White House Chief of Staff Jeff Zients, National Economic Council Director Lael Brainard, National Security Advisor Jake Sullivan, Deputy Chief of Staff Bruce Reed, Commerce Secretary Gina Raimondo and Energy Secretary Jennifer Granholm, among others.

Participants included Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Alphabet President and Chief Investment Officer Ruth Porat, Meta COO Javier Olivan, and Microsoft President and Corporate Vice President Brad Smith.

Matt Garman, CEO of Amazon subsidiary AWS, was also in attendance. The company said in a statement that attendees discussed modernizing the nation’s electric grid, expediting permitting for new projects and ensuring carbon-free energy projects are integrated into the grid.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Central African Republic’s Fintech Developments and Broader Digital Initiatives in 2026

March 24, 2026

The Fintech Ecosystem of Cabo Verde in 2026: Insights from an African Nation

March 22, 2026

Your Next Customer Might Not Be Human. Is Your Business Ready?

March 3, 2026
Leave A Reply Cancel Reply

Latest news

Arm Launches Its First In-House Chip in 35 Years

March 24, 2026

AR Automation Tools: 3 Industry Leaders Reveal What Changed Their Cash Flow

March 24, 2026

Commodity Price Alerts Don’t Help When Your Customers Lock Quotes Three Months Out

March 24, 2026
News
  • AI in Finance (2,159)
  • Breaking News (260)
  • Corporate Acquisitions (88)
  • Industry Trends (54)
  • Jobs Market News (338)
  • Market Insights (320)
  • Market Rumors (308)
  • Regulatory Updates (217)
  • Startup News (1,417)
  • Technology Innovations (223)
  • uncategorized (12)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (2,159)
  • Breaking News (260)
  • Corporate Acquisitions (88)
  • Industry Trends (54)
  • Jobs Market News (338)
  • Market Insights (320)
  • Market Rumors (308)
  • Regulatory Updates (217)
  • Startup News (1,417)
  • Technology Innovations (223)
  • uncategorized (12)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2026 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.