Market Movers

  • OpenAI and IBM Call for Senate Action on AI Regulation. OpenAI CEO Sam Altman emphasized the need for licensing advanced AI models during his congressional testimony, emphasizing the technology's potential to reshape society and the crucial role of government regulation in mitigating risks.* IBM's Montgomery, echoed the sentiment, emphasizing the importance of regulations that address the risks associated with AI utilization.
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  • Home Depot Reports Significant Revenue Miss and Lowers Sales Forecast. Home Depot disappointed investors with a substantial revenue shortfall and lowered its sales forecast for the fiscal year, citing reduced purchases of big-ticket items and unfavorable weather conditions, leading to a decline in sales.

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