Alphabet and Tech Stocks React to White House AI Safety Accord
The tech industry was abuzz after the White House hosted a lunch meeting where top AI executives signed a voluntary safety accord. Alphabet stock surged 3% to $348.19 as traders weighed the implications of the agreement, which includes Google CEO Sundar Pichai among its signatories.
Apple shares gained 2.5% to $337.60, while Meta Platforms ticked down 0.3% to $736.60. The Invesco QQQ Trust advanced 0.91% to $744.66, reflecting broader tech strength.
The White House Accord on Super Intelligence outlines four layers of controls and audits for companies developing frontier models. Signatories also included Meta CEO Mark Zuckerberg, Nvidia CEO Jensen Huang, Anthropic CEO Dario Amodei, OpenAI President Greg Brockman, and xAI's Elon Musk.