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Why tech companies want the government to regulate AI

News Snapshot:

It’s been almost one year since the release of ChatGPT, the match that ignited the market-transforming AI craze. And while reality and other inconvenient factors may occasionally put a damper on the hype train, corporate leaders including Alphabet (GOOG, GOOGL) CEO Sundar Pichai, Microsoft (MSFT) president Brad Smith, and OpenAI’s Sam Altman are throwing their support behind AI regulation — traditionally one of the biggest headwinds for new tech. So why would AI's leaders be in support of regulation? For several reasons, actually. At its core, it’s because a set of well-thought-out rules would ensure that AI firms are investing…

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