Regulation - page 3

Science & Technology

UK Regulator to Review Microsoft and OpenAI Partnership

The British competition watchdog has formed the basis for launching an investigation into the partnership between Microsoft and OpenAI, which created the world’s most popular artificial intelligence-based chatbot called ChatGPT.

News

EU Lawmakers Call For Metaverse Strategy

The European Parliament Committee wants the EU to lead metaverse development and reduce the bloc’s technological dependency.

Finance & Economics

Lloyds Chief Urges UK Policymakers to Refrain From Encroaching on Banks’ Profits

The chief executive of Lloyds Banking Group made something like a warning statement to British politicians, describing measures such as a tax on unforeseen expenses of banks as thing that should be excluded amid expectations of a busy election year.

News

CFPB Fines Bank of America

The Consumer Financial Protection Bureau (CFPB) applied to Bank of America a measure of material impact in the form of an obligation to pay $12 million for the involvement of this financial institution in the practice of providing incomplete data related to mortgage lending to the federal government.

News

India to Fight Deepfakes

India is currently working on creating a regulatory framework that will allow it to implement regulations to combat deepfakes.

Science & Technology

X Sues Watchdog Group Media Matters

Social network X, formerly known as Twitter, sued the watchdog Media Matters.

Science & Technology

Meta Calls for Parental Control Laws

Meta calls for the adoption of laws that would introduce an obligation for app stores to receive parental approval when children download digital products to their own devices.

News

US Regulator Accuses Citibank of Discrimination

In the United States, the federal regulator accused Citibank that this financial institution had been implementing an illegal corporate policy of discrimination against Americans of Armenian origin for several years, singling them out in applications for credit cards based on surnames.

Science & Technology

French Finance Minister Says Nvidia’s AI Dominance Stifles Competition

French Finance Minister Bruno Le Maire said that the dominance of the American company Nvidia in the sphere of artificial intelligence, which shows a trend of steady growth, negatively affects the situation in the industry from the point of view of competition.

News

AI Doomers Take Center Stage at AI Summit

The beginning of the world’s first artificial intelligence security summit, which is taking place in the UK, was marked by a fierce debate on what measures and scope of action should be applied as part of efforts to prevent and minimize existential risks associated with AI.

News

UK, US, EU and China Sign Declaration of AI’s Danger

The United Kingdom, the United States, the EU, Australia, and China agreed with the opinion that the process of active use of artificial intelligence and its integration into various industries at some point may begin to be realized according to a negative scenario that contains an existential threat to the life of human civilization.

News

Joe Biden Unveils New Executive Order on AI

The President of the United States Joe Biden has unveiled a new executive order on artificial intelligence.

Science & Technology

British Banks Call for Caution on AI Regulation

Financial companies and technology firms warn UK regulators against applying harsh measures when forming the concept of activities to control the development and spread of artificial intelligence.

News

Joe Biden Administration Reportedly Prepares to Introduce Executive Order on AI

The media reported that the administration of the President of the United States Joe Biden plans next week to issue an executive order that will establish a regime for regulating the use of artificial intelligence, which is currently a technology demonstrating rapid growth.

Society & Lifestyle

Japan’s Antitrust Watchdog Investigates Google

The Japanese antitrust watchdog has launched an investigation into Google, during which it will be established whether this Internet giant is involved in the practice of using its position in the market to block competing services.

Society & Lifestyle

Chinese Authorities Investigate Foxconn

The Chinese authorities are once again taking moves that can be described as measures within the framework of the concept of unfriendly attitude towards business, having launched an investigation into the activities of Taiwan-based Foxconn Technology Group, one of Apple’s main partners and one of the largest employers in this country.