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Elon Musk and Palantir co-founder & CEO Alex Karp attend a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. 

Leah Millis | Reuters

Tech CEOs descended on Capitol Hill Wednesday to speak with senators about artificial intelligence as lawmakers consider how to craft guardrails for the powerful technology.

It was a meeting that “may go down in history as being very important for the future of civilization,” billionaire tech executive Elon Musk told CNBC’s Eamon Javers and other reporters as he left the meeting.

Senate Majority Leader Chuck Schumer, D-N.Y., hosted the panel of tech executives, labor and civil rights leaders as part of the Senate’s inaugural “AI Insight Forum.” Sens. Mike Rounds, R-S.D., Martin Heinrich, D-N.M., and Todd Young, R-Ind., helped organize the event and have worked with Schumer on other sessions educating lawmakers on AI.

Top tech executives in attendance Wednesday included:

  • OpenAI CEO Sam Altman
  • Former Microsoft CEO Bill Gates
  • Nvidia CEO Jensen Huang
  • Palantir CEO Alex Karp
  • IBM CEO Arvind Krishna
  • Tesla and SpaceX CEO Elon Musk
  • Microsoft CEO Satya Nadella
  • Alphabet and Google CEO Sundar Pichai
  • Former Google CEO Eric Schmidt
  • Meta CEO Mark Zuckerberg

The panel, attended by more than 60 senators, according to Schumer, took place behind closed doors. Schumer said the closed forum allowed for an open discussion among the attendees, without the normal time and format restrictions of a public hearing. But Schumer said some future forums would be open to public view.

Top U.S. technology leaders including Tesla CEO Elon Musk, Meta Platforms CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Nvidia CEO Jensen Huang, Microsoft CEO Satya Nadella, IBM CEO Arvind Krishna and former Microsoft CEO Bill Gates take their seats for the start of a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. 

Leah Millis | Reuters

The panel also featured several other stakeholders representing labor, civil rights and the creative industry. Among those were leaders like:

  • Motion Picture Association Chairman and CEO Charles Rivkin
  • AFL-CIO President Liz Shuler
  • Writers Guild President Meredith Steihm
  • American Federation of Teachers President Randi Weingarten
  • Leadership Conference on Civil and Human Rights President and CEO Maya Wiley

After the morning session, the AFL-CIO’s Shuler told reporters that the meeting was a unique chance to bring together a wide range of voices.

In response to a question about getting to speak with Musk, Shuler said, “I think it was just an opportunity to be in each other’s space, but we don’t often cross paths and so to bring a worker’s voice and perspective into the room with tech executives, with advocates, with lawmakers is a really unusual place to be.”

“It was a very civilized discussion actually among some of the smartest people in the world,” Musk told reporters on his way out. “Sen. Schumer did a great service to humanity here along with the support of the rest of the Senate. And I think something good will come of this.”

Google’s Pichai outlined four areas where Congress could play an important role in AI development, according to his prepared remarks. First by crafting policies that support innovation, including through research and development investment or immigration laws that incentivize talented workers to come to the U.S. Second, “by driving greater use of AI in government,” third by applying AI to big problems like detecting cancer, and finally by “advancing a workforce transition agenda that benefits everyone.”

Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.

Mandel Ngan | AFP | Getty Images

Meta’s Zuckerberg said he sees safety and access as the “two defining issues for AI,” according to his prepared remarks. He said Meta is being “deliberate about how we roll out these products,” by openly publishing research, partnering with academics and setting policies for how its AI models can be used.

He touted Meta’s open-source AI work as a way to ensure broad access to the technology. Still, he said, “we’re not zealots about this. We don’t open source everything. We think closed models are good too, but we also think a more open approach creates more value in many cases.”

Working toward legislation

Schumer said in his prepared remarks that the event marked the beginning of “an enormous and complex and vital undertaking: building a foundation for bipartisan AI policy that Congress can pass.”

There’s broad interest in Washington in creating guardrails for AI, but so far many lawmakers have said they want to learn more about the technology before figuring out the appropriate restrictions.

But Schumer told reporters after the morning session that legislation should come in a matter of months, not years.

“If you go too fast, you could ruin things,” Schumer said. “The EU went too fast, and now they have to go back. So what we’re saying is, on a timeline, it can’t be days or weeks, but nor should it be years. It will be in the general category of months.”

U.S. Senate Majority Leader Chuck Schumer (D-NY) addresses a press conference during a break in a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators at the U.S. Capitol in Washington, September 13, 2023.

Julia Nikhinson | Reuters

Schumer said he expects the actual legislation to come through the committees. This session provides the necessary foundation for them to do this work, he said. Successful legislation will need to be bipartisan, Schumer added, saying he’d spoken with House Speaker Kevin McCarthy, R-Calif., who was “encouraging.”

Schumer said he’d asked everyone in the room Wednesday if they believe government needs to play a role in regulating AI, and everyone raised their hand.

The broad group that attended the morning session did not get into detail about whether a licensing regime or some other model would be most appropriate, Schumer said, adding that it would be discussed further in the afternoon session. Still, he said, they heard a variety of opinions on whether a “light touch” was the right approach to regulation and whether a new or existing agency should oversee AI.

Young said those in the room agreed that U.S. values should inform the development of AI, rather than those of the Chinese Communist Party.

While Schumer has led this effort for a broad legislative framework, he said his colleagues need not wait to craft bills for their ideas about AI regulation. But putting together sensible legislation that can also pass will take time.

Sen. Maria Cantwell, D-Wash., who leads the Commerce Committee, predicted lawmakers could get AI legislation “done in the next year.” She referenced the Chips and Science Act, a bipartisan law that set aside funding for semiconductor manufacturing, as an example of being able to pass important technology legislation fairly quickly.

“This is the hardest thing that I think we have ever undertaken,” Schumer told reporters. “But we can’t be like ostriches and put our head in the sand. Because if we don’t step forward, things will be a lot worse.”

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Tesla shares climb as Musk pledges to be ‘super focused’ on companies ahead of Starship launch

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Tesla shares climb as Musk pledges to be 'super focused' on companies ahead of Starship launch

Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC.

Chip Somodevilla | Getty Images

Tesla shares gained about 5% on Tuesday after CEO Elon Musk over the weekend reiterated his intent to home in on his businesses ahead of the latest SpaceX rocket launch.

The billionaire wrote in a post to his social media platform X that he needs to be “super focused” on X, artificial intelligence company xAI and Tesla as they launch “critical technologies” on the heels of a temporary outage.

“As evidenced by the uptime issues this week, major operational improvements need to be made,” he wrote, adding that he would return to “spending 24/7” at work. “The failover redundancy should have worked, but did not.”

An outage over the weekend briefly shuttered the social media platform formerly known as Twitter for thousands of users, according to DownDetector. Earlier in the week, the platform suffered a data center outage. X has suffered a series of outages since Musk purchased the platform in 2022.

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Musk has previously indicated plans to step away from his political work and prioritize his businesses.

During Tesla’s April earnings call he said that he would “significantly” reduce his time running President Donald Trump‘s Department of Government Efficiency.

In the last election cycle, Musk devoted time and billions of dollars to political causes and toward electing Trump in 2024. However, a story over the weekend from the Washington Post, citing sources familiar with the matter, said that Musk has grown disillusioned with politics and wants to return to managing his businesses.

Last week, Musk said in an interview at the Qatar Economic Forum that he planned to spend “a lot less” on campaign donations going forward.

The comments from Musk precede SpaceX’s Starship rocket Tuesday evening. Pressure is on for the company after two Starship rockets exploded in January and March.

Ahead of the launch, Musk announced an all hands livestream on X at 1 p.m.

Tesla is still facing fallout from Musk’s political foray, with protests at showrooms and other brand damage.

In April, Tesla sold 7,261 cars in Europe, down 49% from last year, according to the European Automobile Manufacturers’ Association.

WATCH: Elon Musk: We have seen a major rebound in demand

Elon Musk: We have seen a major rebound in demand

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Trump advisor Hassett says ‘we don’t want to harm’ Apple with iPhone tariffs

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Trump advisor Hassett says 'we don't want to harm' Apple with iPhone tariffs

NEC Director Kevin Hassett on Trump's iPhone tariff threat: In the end, we don't want to harm Apple

National Economic Council Director Kevin Hassett said Tuesday that the Trump administration does not want to “harm Apple” with tariffs.

“Everybody is trying to make it seem like it’s a catastrophe if there’s a tiny little tariff on them right now, to try to negotiate down the tariffs,” Hassett told CNBC’s “Squawk Box” on Tuesday. “In the end, we’ll see what happens, we’ll see what the update is, but we don’t want to harm Apple.”

Hassett’s comments come after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Apple has historically manufactured its products in foreign countries including China, India and Vietnam.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump wrote in the post. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank your for your attention to this matter!”

By some estimates, a U.S.-made iPhone could cost as much as $3,500.

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“If you think that Apple has a factory some place that’s got a set number of iPhones that it produces and it needs to sell them no matter what, then Apple will bear those tariffs, not consumers, because it’s an elastic supply,” Hassett said.

Hasset’s comments continue the administration’s push to pressure companies to shoulder the cost burden of Trump’s tariffs, instead of raising prices for consumers.

Earlier this month, Trump told retail giant Walmart to “EAT THE TARIFFS” after the company warned it would have to pass those added costs on.

Shares of Apple were up more than 1% Tuesday.

Apple did not immediately respond to CNBC’s request for comment.

WATCH: NEC Director Kevin Hassett on Trump’s iPhone tariff threat: In the end, we don’t want to harm Apple

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Ambience announces OpenAI-powered medical coding model that outperforms physicians

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Ambience announces OpenAI-powered medical coding model that outperforms physicians

Dr. Priti Patel, CMIO at John Muir Health, uses Ambience before starting a patient encounter.

Courtesy of Ambience Healthcare

Artificial intelligence startup Ambience Healthcare on Tuesday announced a new medical coding model that outperforms doctors by 27%.

Ambience uses AI to draft clinical notes in real-time as doctors consensually record their visits with patients. The company used tools from OpenAI to build the new model.

The startup is part of a fiercely competitive market that has taken off as health-care executives search for solutions to help reduce staff burnout and daunting administrative workloads. 

The company’s new model can listen to patient encounters and identify ICD-10 codes, which are internationally standardized classifications for different diseases and conditions. There are about 70,000 ICD-10 codes that are regularly updated and used to facilitate billing and other reporting processes in health care. 

Ambience said its new ICD-10 model can reduce billing mistakes and help clinicians and professional coders work more efficiently. The model notched a “27% relative improvement over physician benchmarks,” according to a release on Tuesday.  

“We’re not replacing doctors or coders,” Brendan Fortuner, Ambience’s head of engineering, told CNBC in an interview. “What we’re doing is we’re liberating them from administration, and we’re fixing mistakes that help make health care better, safer, more cost-effective.”

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Documenting ICD-10 codes has traditionally been a labor-intensive task in health care, but it’s a crucial way to track outcomes, mortalities and morbidities in a standardized way, said Dr. Will Morris, the chief medical officer of Ambience.

“If you think about it from a data perspective, it’s how you can compare and contrast clinician A to B, or health system A to B,” Morris said in an interview. “It’s the cornerstone for quality.”

Ambience’s technology is used at more than 40 health-care organizations, like Cleveland Clinic and UCSF Health. It has raised more than $100 million, according to PitchBook, from investors including Kleiner Perkins, Andreessen Horowitz and the OpenAI Startup Fund. 

The company is reportedly seeking fresh capital at a valuation of over $1 billion, according to a report from The Information. Ambience declined to comment on the report. 

Ambience trained its new AI model using OpenAI’s reinforcement fine-tuning technology. This technology allows companies to tune OpenAI’s best reasoning models for very specific domains, like health care. 

To validate the model, Ambience tested it against a “gold panel” set of labels, the company said. The labels were established by a group of expert clinicians who evaluated complex clinical cases and came to an agreement on what the right codes were. 

Ambience’s AI platform for compliant documentation, CDI, and coding.

Courtesy of Ambience Healthcare

The company then recruited 18 different board-certified doctors and compared their performance on ICD-10 coding accuracy to the model’s performance. That comparison showed the Ambience technology performed 27% better than the physician baseline. 

“It shows for the first time that an AI system can actually surpass clinician experts at a very, very important administrative task, especially in coding,” Fortuner said. 

Ambience already has similar capabilities available for other medical codes like Current Procedural Terminology (CPT) codes, and Fortuner said it’s exploring how to tackle other areas like prior authorizations, utilization management and clinical trial matching. 

The company’s new ICD-10 model will roll out to customers over the summer.

“Getting it right at the point of care is a fundamental change,” Morris said.

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