Former Google CEO Eric Schmidt emphasizes the importance of winning the artificial intelligence (AI) race against China while cautioning about the need for control. Keith Fitz-Gerald, Group Chief Investment Officer of the Fitz-Gerald Group, argues that Tesla is an A.I. stock and predicts Palantir can reach $100 per share by the end of the year on Varney & Co. Schmidt warns that as computers become more autonomous and self-improving, there is a dangerous point where systems can make decisions on their own. He believes the government has a role in providing guardrails for AI development to preserve human values and democratic liberal values.In the past, the U.S. was thought to be ahead of China in the AI race, but China has caught up significantly in the last six months. Schmidt predicts that in the next year or two, AI systems will begin to do their own research, with the number of AI scientists increasing from 1000 to a million. This rapid growth in AI capabilities makes it crucial for the U.S. to win the global race, especially against China.Alphabet Inc., with its GOOGL ticker, has been at the forefront of AI. Its stock has shown a positive change, with a last price of $171.49 and a +2.54 increase, representing a +1.50% change. This indicates the significance and potential of AI in the market.As for potential AI guardrails, Schmidt emphasizes the need for human values to be preserved. He believes that as long as these values are maintained, the development of AI can be beneficial. However, the potential risks of self-improving AI systems cannot be ignored.In conclusion, the AI race is a crucial global competition, and the U.S. must take steps to ensure its leadership. The development of AI by companies like Tesla and Palantir, along with the role of the government in providing guardrails, will shape the future of this technology.

The Battle for AI Supremacy and Its Implications

Tesla as an A.I. Stock

Tesla's position in the AI space is significant. The company's innovative approach to electric vehicles and autonomous driving technology has positioned it as a leader in the industry. Keith Fitz-Gerald's assertion that Tesla is an A.I. stock highlights the company's potential for growth and its role in the evolving AI landscape. Tesla's ability to collect and analyze vast amounts of data from its vehicles allows it to continuously improve its autonomous driving capabilities. This data-driven approach gives Tesla a competitive edge and positions it as a key player in the AI race.Furthermore, Tesla's focus on research and development in AI is evident in its investment in self-driving technology. The company is constantly pushing the boundaries of what is possible with AI, aiming to achieve full autonomy in its vehicles. This commitment to AI development not only benefits Tesla but also has the potential to revolutionize the transportation industry as a whole.

Palantir's Potential to Reach $100 per Share

Palantir's potential to hit $100 per share by the end of the year is a topic of great interest. The company's expertise in data analytics and its ability to provide valuable insights to various industries make it a valuable asset in the AI market. Palantir's platform allows for the integration and analysis of large amounts of data, enabling businesses to make more informed decisions.With the increasing importance of data in today's digital age, Palantir's capabilities are highly sought after. The company's partnerships with government agencies and large corporations demonstrate its ability to deliver value and solve complex problems. If Palantir can continue to grow and expand its customer base, reaching a share price of $100 per share by the end of the year is a realistic goal.However, like any investment, there are risks involved. The AI market is highly competitive, and Palantir must continue to innovate and differentiate itself from its competitors. The company will need to navigate regulatory challenges and ensure the privacy and security of the data it handles. Despite these challenges, Palantir's potential for growth and its role in the AI ecosystem make it an attractive investment opportunity.

The Role of Government in AI Development

Eric Schmidt emphasizes the importance of the government in providing guardrails for AI development. The rapid evolution of AI technology requires careful oversight to ensure that it is used for the benefit of society and not to cause harm. The government can play a crucial role in setting standards and regulations to govern the development and use of AI.By providing guidelines and regulations, the government can help ensure that AI is developed in a responsible and ethical manner. This includes addressing issues such as data privacy, algorithmic bias, and the potential for AI to be used for malicious purposes. The government can also invest in research and development to support the growth of AI while ensuring that it is aligned with national interests.However, finding the right balance between regulation and innovation is crucial. Excessive regulation can stifle innovation and hinder the growth of the AI industry. On the other hand, insufficient regulation can lead to risks and negative consequences. The government must work closely with industry stakeholders to develop a regulatory framework that promotes innovation while protecting society.