Shares of leading AI companies like NVIDIA Inc. (NASDAQ:NVDA) and Palantir Technologies Inc. (NYSE:PLTR) traded lower Tuesday after the U.S. Senate voted to strip a key provision from President Donald Trump's proposed tax and spending package.
What To Know: The provision would have blocked states from independently regulating artificial intelligence for the next 10 years. Its removal opens the door for a patchwork of state-level AI rules that could complicate operations for companies working in the space, according to Reuters.
