AI Executives Warn Senate on China, Cite $5.5B Nvidia Loss, Urge Infrastructure Upgrades and Streamlined Export Controls

19 posts • GPT (4.1)

Updated May 9, 2025, 05:08 AM

Top executives from leading U.S. artificial intelligence companies, including OpenAI CEO Sam Altman, Microsoft President Brad Smith, AMD CEO Lisa Su, and CoreWeave CEO Michael Intrator, testified before the Senate Commerce Committee on May 8, 2025. The hearing addressed U.S. strategies to maintain leadership in artificial intelligence amid competition from China, especially after the launch of China's DeepSeek AI model.

Executives urged lawmakers to modernize energy infrastructure, streamline permitting for new data centers and power generation, and expand access to government data for AI training. They noted that data centers could consume up to 12% of U.S. electricity by 2028. Sam Altman discussed the Stargate data center project in Abilene, Texas, predicting it would be the largest AI training facility in the world.

Brad Smith and Sam Altman emphasized that U.S. AI leadership relies on the global adoption of American technology and called for export controls that do not drive other countries toward Chinese alternatives. The need for 'AI diffusion'—broad adoption of AI across the economy—was highlighted, along with the importance of open ecosystems and attracting international talent.

During the hearing, Altman reversed his 2023 position, stating that requiring government approval to release AI models would be 'disastrous' for U.S. competitiveness. Lawmakers, including Sen. Ted Cruz and Sen. Maria Cantwell, discussed advancing legislation to promote AI innovation, while Sen. Tammy Duckworth criticized cuts to federal research funding.

Industry leaders warned that restrictive export controls could harm U.S. companies, citing Nvidia's projected $5.5 billion and AMD's $1.5 billion in lost revenue due to recent policy changes. The executives called for a single federal regulatory framework and noted that if U.S. technology cannot be adopted globally, other nations' technologies will mature and compete more effectively.

More breaking stories on DeepNewz — updated live.

Associated Financial Markets

More financial news and market updates→

Related Prediction Markets

U.S. enacts AI safety bill in 2025?

Which company has best AI model on June 30?

Which company has best AI model end of 2025?

Which company has best AI model end of May?

Largest Company end of 2025?

Will OpenAI launch a consumer hardware product by...?

•

View market suggestions→

Sources

reuters.com(6)washingtontimes.com(5)news3lv.com(2)twitter.com(2)

KSNV News 3 Las Vegas

@News3LV

Top tech executives met with lawmakers Thursday on Capitol Hill, telling them increasing exports and improving infrastructure will be key to the U.S. beating China in the artificial intelligence race. https://t.co/TmQOWhtRVx

The Washington Times

@WashTimes

OpenAI CEO Sam Altman and other U.S. tech leaders testify to Congress on AI competition with China https://t.co/f7dO9s4Ddh https://t.co/dIMC5p8FiR

Economic Times

@EconomicTimes

Top AI executives, including from Microsoft and OpenAI, urged U.S. lawmakers to modernize energy infrastructure and expand access to government data for AI training. https://t.co/aNNYUPhsxj