Eight states have joined forces to sue OpenAI, saying ChatGPT is unsafe for kids and misleads parents. A familiar playbook: first children, then data, and ultimately, most likely, fines and compliance costs. This AI regulatory axe was bound to fall sooner or later—negative for sentiment in the short term, but a long-term plus for market leaders with real moats. The market is focused on nonfarm payrolls right now, so treat this news as noise for the moment.

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