Nvidia Corp NVDA, Advanced Micro Devices, Inc AMD, and peers are trading lower Thursday amid reports of U.S. legislation eliminating Section 230 immunity for AI companies.
The law would allow the prosecution of social media companies for claims based on emerging generative AI technology, Reuters reports.
Republican Josh Hawley and Democrat Richard Blumenthal expected the bill to create an AI carve-out to Section 230, a law that shields internet companies from liability for the content posted to their platforms.
Hawley, a Republican, did not wish to repeat the same mistakes with generative AI as with Big Tech in Section 230.
Republicans and Democrats largely agree that there are problems with the power of Alphabet Inc's GOOG GOOGL Google, Meta Platforms Inc's META Facebook, and others.
Section 230 of the Communications Decency Act 1996 provides broad immunity to "interactive computer services."
Price Actions: NVDA shares traded lower by 0.60% at $427.39 on the last check Thursday. AMD shares traded lower by 3.60% at $122.74.
Image by cebbi from Pixabay
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