10 Trending AI Stocks on Latest Analyst Ratings and News

8. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 54

International Business Machines Corporation (NYSE:IBM) is a leading provider of global hybrid cloud and AI, and consulting expertise.

On November 8, IBM CEO Arvind Krishna joined Squawk on the Street to discuss the company’s stance on AI governance. While acknowledging that industries need regulation, Krishna states that regulation also creates friction. This is because if the regulation becomes overzealous, it causes a massive slowdown which nobody wants. When asked about genAI regulation, the CEO says that they do believe in responsible AI. While discussing the executive order from the Biden administration, he noted that some interpretations of EOs suggested the need for third-party assessments. Such assessments would cause way too much friction especially when it’s an early stage. The company believes in open innovation, and even though being accountable is good, asking for third-party assessments isn’t a good idea, the CEO states.

“We are in favor of a lighter touch on regulation, other than for some extreme use cases where it involves life and death”.

– IBM CEO Arvind Krishna