Tech billionaires with a collective net worth of approximately $550 billion convened in Washington, DC, for an AI summit organized by Senate Majority Leader Chuck Schumer. Notable attendees included Elon Musk, Bill Gates, Mark Zuckerberg, Jensen Huang, and Eric Schmidt, whose wealth has seen a combined increase of $222.5 billion due to the surge in technology stocks this year. This closed-door Senate meeting is part of Schumer's effort to involve Congress in AI regulation, addressing concerns about excessive tech executive influence over legislation. Many participants advocate for AI rules focusing on usage rather than technology development.
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