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Good morning. <\/strong>What do companies in health care, insurance, utilities, construction, professional services, financial services, education, transportation, waste management, and alcohol\/cannabis distribution, among others, have in common? They\u2019re regulated at the state level. In certain areas (food safety, environmental standards and data privacy), a mix of state and federal mandates apply. Washington sets the baseline, and individual states layer on laws that aim to reflect the priorities of local voters. In the absence of a federal missive, like Roe v. Wade<\/em> in legalizing abortion, state regulations apply.<\/p>\n So one might assume that CEOs would welcome President Donald Trump\u2019s executive order on AI last week that blocks state laws setting AI standards in favor of \u201ca minimally burdensome national standard.\u201d Silicon Valley types like OpenAI CEO Sam Altman, venture capitalist Marc Andreessen and, of course, AI czar David Sacks, praise the move as necessary for America to compete against the b\u00eate noire of China. But seven leaders I spoke with had more mixed views. (I spoke to them without attribution to encourage honest feedback.)<\/p>\n Nobody wants a growing patchwork of state laws that cause confusion, rising compliance costs, or what one person called \u201ca race to be the Delaware of AI.\u201d But neither do they want a vacuum when it comes to mitigating the risks or a situation where laws are set by the White House instead of Congress. Among the concerns:<\/p>\n The Executive Order is probably not legal.<\/strong> Everyone agreed that Trump can\u2019t dismiss state rights with the stroke of a pen. As law firm Fisher Phillips notes, \u201call current and pending state and local AI laws will remain enforceable unless and until a court blocks them through an injunction, or Congress passes a federal law that preempts them.\u201d The consensus: Congress should act\u2014and fear-mongering doesn\u2019t help. \u201cI\u2019m in a state with a lot of regulation and a lot of innovation,\u201d said one California-based CEO. \u201cWhat matters is resources, talent and technology.\u201d<\/p>\n Businesses want clarity and protection.<\/strong> Tennessee\u2019s ELVIS Act protects individuals from the unauthorized use of AI to mimic their voice and likeness; Texas prohibits its use for unlawful discrimination or sexually explicit content. Colorado requires companies to inform consumers when AI is used for high-stakes decisions from hiring to lending. Smaller businesses want the behemoths of tech kept in check. \u201cRules can level the playing field,\u201d said one source, \u201cand it\u2019s more expensive to set standards in court.\u201d<\/p>\n The U.S. needs to maintain its competitive edge.<\/strong> The EU Artificial Intelligence Act gives people the right to opt out of having their data used to train models, which stifles innovation. China has an AI Plus framework and President Xi Jinping has proposed creating a World Artificial Intelligence Cooperation Organization (WAICO) to promote a global governance system. The U.S. needs to, as one person put it, have a seat at the table with laws that protect copyright, patents, market access and consumer protections while driving regulation. \u201cI\u2019d rather have less regulation than more regulation,\u201d an enterprise tech leader told me on Friday, \u201cbut I\u2019d rather have some regulation than no regulation.\u201d<\/p>\n Contact CEO Daily via Diane Brady at diane.brady@fortune.com<\/em><\/p>\n Weekend mass shootings<\/b><\/p>\n Australia Prime Minister Anthony Albanese <\/span>has vowed action to tighten gun laws<\/span> after a father and son, <\/span>using legally licensed firearms<\/span>, killed 15 people at a Hanukkah celebration at Bondi Beach. Meanwhile, Brown University <\/span>has called off final exams and sent students home early<\/span> after a gunman killed two and injured nine in an on-campus shooting.\u00a0<\/span><\/p>\n David Zaslav\u2019s potential payday<\/b><\/p>\n Warner Bros. Discovery CEO David Zaslav <\/span>is poised to collect as much as $1 billion<\/span> from the sale of WBD if the bidding war between Netflix and Paramount continues to drive up the company\u2019s stock price. His enormous payout will contrast starkly with the job cuts that are expected regardless of which deal goes through and the cost-cutting he\u2019s already imposed at WBD.\u00a0<\/span><\/p>\n Volkswagen\u2019s Germany closure<\/b><\/p>\n Volkswagen <\/span>will cease production at a Dresden, Germany, plant on Tuesday<\/span>, the first time it\u2019s shuttered a production facility in Germany in 88 years. Europe\u2019s largest automaker is contending with weak demand in China and Europe and the sting of U.S. tariffs.\u00a0<\/span><\/p>\n Private equity squeezes fire departments<\/b><\/p>\n Companies backed by private equity firms<\/span> are quietly buying up the public safety systems needed to fight fires and increasing costs for budget-constrained U.S. fire departments, 85% of which are crewed by volunteers.\u00a0<\/span><\/p>\n Google\u2019s SpaceX gain<\/b><\/p>\n Google parent Alphabet <\/span>is poised to record another gain as the value of SpaceX nears $800 billion<\/span>. Elon Musk\u2019s rocket company completed a tender offer that priced shares at $421. Alphabet joined Fidelity Investments in a $1 billion funding round in 2015 in exchange for what was then a 10% stake in SpaceX.\u00a0<\/span><\/p>\n Christmas kitsch boom<\/b><\/p>\n Connecticut<\/span> is cashing in on its role in sappy Christmas movies<\/span>. Locations in the state are the settings for at least 22 Christmas movies by Hallmark, Lifetime and others, and it\u2019s now promoting tours of the quaint towns and cities where the predictable\u2014but hugely popular\u2014movies are filmed. <\/span><\/p>\n S&P 500 futures<\/b> are up 0.44% this morning. The last session closed down 1.07%. <\/span>STOXX Europe 600<\/b> was up 0.75% in early trading. The U.K.\u2019s <\/span>FTSE 100<\/b> was up 0.88% in early trading. Japan\u2019s <\/span>Nikkei 225 <\/b>was down 1.31%. China\u2019s <\/span>CSI 300<\/b> was down 0.63%. The South Korea<\/span> KOSPI<\/b> was down 1.84%. India\u2019s <\/span>NIFTY 50<\/b> was down 0.07%. <\/span>Bitcoin<\/b> went to $90K.<\/span><\/p>\n The Asian Infrastructure Investment Bank\u2019s first president defends China\u2019s role as \u2018responsible stakeholder\u2019 in a less multilateral world<\/span> by Nicholas Gordon<\/span><\/p>\n Kevin Hassett says he’d be happy to talk to Trump everyday as Fed chair, but the president’s opinion would have ‘no weight’ on the FOMC<\/span> by Jason Ma<\/span><\/p>\n Atlantic CEO Nick Thompson on how he learned to ‘just keep moving forward’ after his famous firing at 22<\/span> by Nick Lichtenberg<\/span><\/p>\n Everything the Trump administration is doing in Venezuela involves oil and regime change\u2014even if the White House won\u2019t admit i<\/span>t by Jordan Blum<\/span><\/p>\n CEO Daily is compiled and edited by Claire Zillman and Lee Clifford.<\/p>\n<\/div>\n #CEOs #favor #Trumps #executive #order #block #state #laws<\/p>\n","protected":false},"excerpt":{"rendered":" Good morning. What do companie… <\/p>\n","protected":false},"author":1,"featured_media":3788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[2378,451,526,1085,3697,3699,3698,3378,496],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/3787"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3787"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/3787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/3788"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\nTop news<\/h3>\n
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