AI stocks retreat as Biden to huddle with science, tech advisers

Guardforce AI

04/04/2023 16:36

** Shares of firms that employ artificial intelligence (AI)
pull back ahead of White House meeting and amid broader market
weakness on Tues
    ** President Joe Biden to discuss "risks and opportunities"
AI poses for people, society and national security during
meeting with science and technology advisers, an official said
    ** The official said Biden to ask Congress to pass
bipartisan legislation to protect kids and limit personal data
collection by tech firms
    ** AI software co C3.ai Inc  AI.N  down 22.0% on Tues. Stock
had gained nearly 40% amid a 4-session winning streak through
Mon
    ** Thailand security firm Guardforce AI  GFAI.O  falling
28.8%, after surging 171% on Mon and 46% on Fri
    ** Data analytics firm BigBear.ai  BBAI.N  off 18.9% and
conversation intelligence co SoundHound AI  SOUN.O  losing 15.9%
on the session
    ** Media co BuzzFeed Inc  BZFD.O , which earlier said it
would use ChatGPT creator OPenAI for content, down 8.3%
    ** OpenAI partner Microsoft Corp's  MSFT.O  stock edges up
0.4%
    ** Meanwhile, BullFrog AI Holdings Inc  BFRG.O  joins AI
mania as its shares leap on Tues on licensing deal with Johns
Hopkins University Applied Physics Laboratory

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))