Computer & Communication Industry Association
PublishedJanuary 27, 2025

CCIA Statement responding to news of Chinese AI competitor, impact on stock market

Washington – U.S. tech stocks fluctuated this morning as investors reacted to news about a popular Chinese low cost AI competitor.

The Computer & Communications Industry Association has advocated for innovation and policies that encourage growth in the tech sector since 1972.

The following can be attributed to CCIA President & CEO Matt Schruers:

“The recent market gyrations demonstrate how essential it is for the U.S. to get AI investment right. Investors are manifesting anxiety about what happens should the U.S. not remain a leader in this critical sector.”

News

CCIA Applauds Robust Digital Trade Commitments in U.S.-Indonesia Agreement

Washington – The Computer & Communications Industry Association strongly welcomes the signing of the United States–Indonesia Agreement on Reciprocal Trade, which represents a milestone in addr...
reading-tablet
  • Press Releases
  • Trade
News

CCIA Responds to Supreme Court Ruling on Tariff Authority

Washington – The Supreme Court has ruled on the issue of tariff authority and the executive branch. In a ruling today, the Court held that the International Emergency Economic Powers Act does not au...
reading-tablet
  • Statements
  • Trade
News

CCIA Raises First Amendment and Privacy Concerns With New Jersey Social Media, Online Safety Bills

Washington – The Computer & Communications Industry Association expressed opposition to a New Jersey social media bill and then testified against a NJ online safety bill due to constitutional an...
reading-tablet
  • Press Releases
    Content Moderation
News

CCIA Raises Concerns With Kentucky “Addictive Platforms” Bill

Washington – The Computer & Communications Industry Association expressed opposition to a Kentucky online addiction bill. Kentucky House Bill 227 would impose sweeping requirements on online ser...
reading-tablet
  • Press Releases
    Content Moderation