Fortune and ServiceNow unveil the inaugural FortuneAIQ 50 List, ranking Fortune 500 companies leading the way with measurable impact from artificial intelligence. Alphabet is No. 1, followed by Visa, JPMorgan Chase, NVIDIA, and Mastercard in the Top 5. Female CEOs lead 9 out of 50 companies. The list spans 18 sectors, with financial and technology companies dominating.
Governor Gavin Newsom has signed into law Senate Bill 53, known as the Transparency in Frontier Artificial Intelligence Act (TFAIA), further cementing California's position as a global leader in responsible artificial intelligence (AI) development
Governor Newsom signs SB 53, advancing California’s world-leading artificial intelligence industry[1]. The legislation, authored by Senator Scott Wiener, aims to balance innovation with public safety by establishing commonsense guardrails for frontier AI models.
SB 53 introduces several key requirements for large AI developers, including mandatory public disclosure of AI frameworks, the creation of a consortium to advance safe and ethical AI research, and mechanisms for reporting and addressing potential safety incidents. The law also provides whistleblower protections and directs annual updates to the legislation based on technological advancements and international standards.
Meanwhile, the inaugural FortuneAIQ 50 List has been released, ranking Fortune 500 companies with significant AI impact
Stocks to Watch Tuesday: Jefferies, Alphabet, Boeing, Coty[2]. Alphabet (GOOG, GOOGL) tops the list, followed by Visa, JPMorgan Chase, NVIDIA, and Mastercard. Notably, nine out of the 50 companies are led by female CEOs, reflecting a growing diversity in AI leadership. The list spans 18 sectors, with financial and technology companies dominating the rankings.
These developments underscore California's commitment to leading the world in AI development while ensuring public safety and trust. As AI continues to transform industries, the balance between innovation and regulation will remain a critical focus for policymakers and investors alike.
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