The global artificial intelligence (AI) landscape is undergoing significant shifts as regulators grapple with the technology’s rapid advancements. While the U.S. and Europe are considering tightening AI regulations, Argentina President Javier Milei is positioning his country as a potential haven for tech investments. Meanwhile, the...
A new California legislative proposal, SB 1047, is sending ripples of concern through Silicon Valley. Introduced by State Sen. Scott Wiener, the bill seeks to implement “common sense safety standards” for companies developing large artificial intelligence (AI) models that surpass specific size and cost thresholds....
With artificial intelligence (AI) rapidly advancing and permeating various aspects of society, lawmakers and government agencies are grappling with the challenges of regulating this technology. In Illinois, a flurry of bills aimed at addressing AI risks recently passed, while California emerged as a key player...
As artificial intelligence (AI) rapidly advances, policymakers worldwide find themselves grappling with the complex challenge of regulating this transformative technology. The debate over AI regulation has pitted those who warn against stifling innovation against others who advocate for stronger safeguards to address potential risks. In...
April 24, 2024
The clock is running out on TikTok’s U.S. ambitions. President Joe Biden on Wednesday (April 24) signed a bipartisan measure that gives TikTok’s owner, Chinese tech giant ByteDance, nine months to a year to sell the video-sharing social media platform or see it banned in the U.S. Biden’s action followed the measure’s passage in the […]
April 08, 2024
The Maryland Online Data Privacy Act of 2024, a proposed bill set to impact data collection and online privacy, successfully passed both the Senate and House of Delegates and now awaits...
February 21, 2024
In Europe, a central bank digital currency (CBDC) has inched closer to reality, by virtue of a vote. As a result, the United States may have to play a bit...
February 12, 2024
State by state, limit by limit, the age of credit card surcharges may be drawing to an end. And while much depends on various legal outcomes, it is, ultimately, consumer...
June 14, 2024
After 30 years of barring foreigners from its banking sector, Ethiopia is reportedly considering allowing overseas banks to buy stakes in domestic lenders. A bill moving through the country’s legislature would allow overseas firms to buy stakes in domestic banks, set up subsidiaries, open branches, establish representative offices and, in some cases, take over a […]
May 24, 2024
The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress. The CBDC...
May 22, 2024
The head of the SEC says new cryptocurrency legislation will undermine his agency’s work. Hours before a scheduled vote Wednesday (May 22), Securities and Exchange Commission (SEC) Chair Gary Gensler issued a statement decrying...
May 21, 2024
The European Council (EC) has approved the Artificial Intelligence (AI) Act, saying this law is the first of its kind in the world and may set a global standard for the regulation of...
