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.”

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