British FinTech company Revolut has reportedly been granted permission to delay filing its 2022 accounts for the second consecutive year. The filings were originally due on Sept. 13, but Revolut has received an extension, Reuters reported Tuesday (Sept. 19). The company will announce the audit and annual report at...
By Travis LeBlanc, Jonas Koponen, Anna Caro and Mari Dugas The meteoric rise of AI in the public’s consciousness and the launch of several innovative services, including Open AI’s ChatGPT-4 and Stability AI’s Stable Diffusion, has brought with it a fierce debate on how, if...
The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that happened around the Paycheck Protection Program (PPP). This decision comes in response to growing concerns about the...
The Connecticut Department of Banking has issued new industry guidance regarding the Small Loan Lending and Related Activities Act. These changes in the regulation are set to come into effect on Oct. 1, the regulator said in the document released Monday (Sept. 11). One of the key changes brought...
The proposed EU AI Act (AIA) is an omnibus piece of legislation. It aims to provide the world’s first “horizontal” regulatory framework for AI, not limited to one industry or domain of use. The text is currently winding its way through the corridors of the...
U.S. lawmakers are hitting the ground running on creating an artificial intelligence (AI) policy. Big Tech companies are rushing to prove that they can get there first — and do the most — with effective self-regulation. After all, failure to ensure that AI products are safe and...
China is reportedly planning a wide-ranging ban on Apple iPhones for government workers. As Bloomberg reported Thursday (Sept. 7), the ban would apply to sensitive departments of state-owned companies and government agencies, which have begun telling staff not to bring the devices to work, per sources familiar with the...
The European Commission has named six tech giants as “gatekeepers” under its Digital Markets Act. That distinction, announced Wednesday (Sept. 6), applies to Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft, and gives the companies six months to comply with the Digital Markets Act (DMA), designed to curb anti-competitive behavior. “Under the DMA, the European Commission can designate...
Microsoft and Apple are reportedly protesting their classification as “gatekeepers” under new European tech regulations. As the Financial Times (FT) reported Monday (Sept. 4), the tech giants’ fight with the European Union (EU) is happening as that body prepares to publish services regulated under its Digital Markets Act (DMA). Under...
