Stocks Await Fed Insights

Stocks are currently in a holding pattern as investors look for guidance from Fed Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium. Market participants are eager for clues on future interest rate movements amid ongoing economic uncertainties.

AI Industry Perspectives

In a recent statement, Sam Altman, CEO of OpenAI, emphasized the transformative potential of artificial intelligence but warned that its growth may face hurdles. He highlighted the need for thoughtful regulation to ensure AI benefits society while mitigating risks associated with rapid advancements.