Seven Unknown AI Stocks That Could Dominate the Next Six Years

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Gavin Newsom Signs Laws Aimed At Curbing Deepfakes Around Elections: 'Critical That We ensure AI Is Not Deployed To Undermine The Public's Trust'

Ananya Gairola
September 17, 2024

California governor Gavin Newsom (D-Calif.) signed three bills on Tuesday aimed at curbing the use of artificial intelligence in creating misleading images or videos in political advertisements.

What Happened: The new laws will immediately make it illegal to create and distribute deepfakes related to elections 120 days before Election Day and 60 days thereafter, reported the Associated Press.

Courts will have the power to halt the distribution of such materials and impose civil penalties.

“Safeguarding the integrity of elections is essential to democracy, and it's critical that we ensure AI is not deployed to undermine the public's trust through disinformation —  especially in today's fraught political climate,” Newsom stated.

See Also: Larry Ellison’s Daughter’s Gaming Company Hit By Wave Of Mass Resignation: Staff Walkout Amid Spinoff Failure

Large social media platforms like Elon Musk’s X, Meta’s Facebook and Instagram, and ByteDance-owned TikTok will be required to remove deceptive material.

Political campaigns will also have to publicly disclose if they are running ads with materials altered by AI.

The governor signed the bills during a conversation with Salesforce CEO Marc Benioff at an event hosted by the major software company during its annual conference in San Francisco.

Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.

Why It Matters: The new laws were enacted on the same day as members of Congress unveiled federal legislation aiming to stop election deepfakes. The bill would give the Federal Election Commission the power to regulate the use of AI in elections, the report noted.

The misuse of AI in creating deepfakes has been a growing concern. Previously, a study conducted by Google’s DeepMind revealed that deepfakes of politicians and celebrities were more common than AI-assisted cyber attacks.

Earlier this year, AI image creation tools from ChatGPT-parent OpenAI and Microsoft were reported to be fueling election misinformation scandals.

In January 2024, deepfake attacks on public figures, including Taylor Swift and President Joe Biden, also alarmed the White House.

The U.K. was also warned of AI misinformation targeting its 2024 polls.

Check out more of Benzinga’s Consumer Tech coverage by following this link.

Read Next:

  • OpenAI’s ‘O1’ Model, Nvidia’s AI Demand, Google’s Missed Opportunity, And More: This Week In AI

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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