Fox News AI Newsletter: Where US, China stand in AI race

AI ARMS RACE: OpenAI co-founder Sam Altman joined three other artificial intelligence (AI) and technology executives for a Senate Commerce Committee hearing on winning the global AI race and strengthening domestic capabilities in computing and innovation. Sam Altman, chief executive officer of OpenAI, during a fireside chat at University College London (UCL) in London, UK, on Wednesday, May 24, 2023. Altman said part of the reason for his current tour of European cities is to discover a suitable location for a new office. EMBRACING AI: Some companies have been adjusting their workforce as they simultaneously embrace artificial intelligence and automation more, according to Forbes. NEW INVESTORS: OpenAI is shaking up its corporate structure to bring in new investors and accelerate the development of artificial general intelligence (AGI).