As generative AI continues to shape global markets, Japan’s Fair Trade Commission (JFTC) has announced an investigation into the fairness of competition within this rapidly evolving sector. With mounting concerns regarding the dominance of U.S. tech giants, the commission is seeking to ensure a level playing field for too-often overlooked local businesses. This initiative reflects […]
Academics Set to Shape New AI Code of Practice
In a significant development within the realm of artificial intelligence, a diverse group of academics has been tasked with drafting a Code of Practice for general-purpose AI (GPAI). This Code aims to clarify risk management and transparency requirements for various AI systems, including the widely recognized ChatGPT. The work of these academics comes at a […]
EU AI Code Drafting Sparks Disagreements
The path toward a cohesive framework for artificial intelligence in Europe is becoming increasingly contentious as the European Commission reveals ongoing tensions between AI providers and various stakeholders. The first plenary session dedicated to the Code of Practice, which took place on September 30, has underscored significant disagreements on key issues that will shape the […]
German Authorities Shut Down 47 Cryptocurrency Exchanges in Major Anti-Money Laundering Operation
The recent crackdown by German authorities on cryptocurrency exchanges highlights a significant move in combating money laundering and illegal financial activities. On August 20, 2024, a sweeping operation led by the Federal Criminal Police Office (BKA) and the Central Office for Combating Internet Crime targeted 47 cryptocurrency exchange platforms that had been operating without the […]
California's New Laws on Deepfakes Face Legal Challenge
California recently implemented three new laws designed to combat the surge of AI-generated deepfakes, especially in the context of political advertisements ahead of the 2024 elections. Signed by Governor Gavin Newsom, these laws aim to curb misinformation by requiring platforms to remove false content while granting individuals the right to sue for damages related to […]
EU's AI Act Faces Resistance from Tech Giants
As the European Union finalizes its highly anticipated AI Act, a comprehensive regulatory framework, major technology firms are mobilizing to influence the regulations in their favor. The AI Act, established in May, is notably the first significant legislation governing artificial intelligence globally. However, key details regarding the regulation of general-purpose AI systems, such as ChatGPT, […]
Illegal Gun Parts from China Seized by US Authorities
In a significant blow to the illegal arms trade, US authorities have successfully shut down over 350 websites involved in the sale of gun parts and silencers illegally imported from China. This enforcement action, which commenced in August 2023, specifically targeted illicit sales that compromise public safety and violate existing firearm laws. During a series […]
Senators Call for Inquiry into AI Content Summarisation
In a significant move that highlights the ongoing tension between technological innovation and traditional content creators, a group of Democratic senators, spearheaded by Senator Amy Klobuchar, has urged the United States Federal Trade Commission (FTC) and the Department of Justice (DOJ) to investigate artificial intelligence tools that summarise online content. The core of their argument […]
Baidu Faces Revenue Decline, Banks on AI to Stay Competitive
In the face of declining quarterly revenues, Baidu has set its sights firmly on artificial intelligence (AI) as a pathway to regain market strength. This pivot comes at a crucial moment when the competitive landscape in the AI sector is intensifying, particularly amidst a price war that has ensued among Chinese firms. Baidu’s large language […]
Anthropic's Stance on California's AI Regulation Bill: Balancing Innovation and Safety
California’s proposed AI regulation bill, SB 1047, has sparked considerable debate among technology companies and innovators. This legislation aims to enforce safety protocols for advanced artificial intelligence models, potentially reshaping the landscape for AI development in the state. Prominent among those weighing in is Anthropic, a San Francisco-based AI firm known for its competitive stance […]
