Artificial intelligence
fromThe Mercury News
1 day agoLarry Magid: Budget bill clause could ban state AI regulations
The new budget bill bans state regulation of AI for the next ten years, raising concerns about oversight and safety.
Preparations are underway for Ofcom to expand its regulatory remit to include datacentres, as the government seeks to harden up the 'soft points' in the UK's cyber defences.
While the regulatory tone may be shifting in Washington, lenders shouldn't assume that means it's safe to take their foot off the gas. Federal laws still allow for private rights of action, enabling borrowers to bring claims even if current enforcement is lax.
The headquarters of the Consumer Financial Protection Bureau is closed for a week, with employees working remotely, following orders from the newly appointed acting director.
In our response, we underscored that UK police forces are already utilizing a variety of data-driven technologies, such as live facial recognition, drones, and mobile phone extraction. These technologies raise significant ethical and privacy issues that warrant thorough regulatory oversight.
"The FCA's recent report highlights a critical failure in the oversight of professional bodies responsible for anti-money laundering within the City of London, emphasizing the alarmingly low investment in compliance activities."