Tag: #CFPB #DigitalPayments #ConsumerProtection #FinancialRegulation #TechOversight

EU AI Act oversight and fines begin this August

EU AI Act Oversight and Fines Begin This August The landscape of artificial intelligence (AI) regulation is about to undergo a significant transformation within the European Union. As of 2 August, new rules are slated to enter into force, marking a pivotal moment in the realm of AI governance. These rules will bring forth penalties […]

The ‘Wild West’ of AI: defense tech, ethics, and escalation

The ‘Wild West’ of AI: Defense Tech, Ethics, and Escalation In our latest episode of Lexicon, we sat down with Will Ashford-Brown, Director of Strategic Initiatives at FutureFrontier, to discuss the rapidly evolving landscape of artificial intelligence (AI) in the defense sector. As AI technologies continue to advance at an unprecedented rate, the line between […]

Bank of Korea sounds alarm over unregulated stablecoins

The Risks of Unregulated Stablecoins: Bank of Korea’s Warning South Korea’s central bank, the Bank of Korea, recently raised concerns over the proliferation of unregulated stablecoins in the financial market. The warning issued by the central bank highlighted the potential economic chaos that could ensue if multiple stablecoin issuers are allowed to operate without clear […]

Elon Musk says Grok will be ‘fixed’ after its comment on right-wing extremism

Elon Musk Says Grok Will Be ‘Fixed’ After Its Comment on Right-Wing Extremism American billionaire Elon Musk sparked a debate post his conversation with an X user over the controversial comments made by the artificial intelligence platform Grok. The incident unfolded during a discussion on the social media platform, where Grok expressed views that were […]

‘Sex for solar?’ Study reveals deep corruption in California’s clean energy push

“California’s Clean Energy Corruption: Uncovering the Dark Side of the Solar Power Push” California has long been hailed as a solar energy champion, leading the United States in renewable energy initiatives and ambitious clean power goals. With its abundant sunshine and progressive environmental policies, the Golden State has become a symbol of sustainability and innovation […]

Courts consider limits on AI evidence

Courts Consider Limits on AI Evidence Legal experts are increasingly calling for broader oversight of machine-produced evidence in courtrooms. As artificial intelligence (AI) continues to play a significant role in various aspects of our lives, including the legal system, questions have emerged regarding the reliability, bias, and ethical implications of AI-generated evidence. One of the […]

EU criticised for secretive security AI plans

EU Under Fire for Lack of Transparency in Security AI Plans The European Union has recently come under intense scrutiny for its secretive approach to implementing artificial intelligence (AI) in security measures. Critics argue that urgent democratic scrutiny is needed to ensure that the deployment of AI in security operations is conducted ethically and with […]

Elon Musk lets out ‘public battle’ war cry as EU mulls imposing billion dollar fine on X

Elon Musk Rallies Support Against EU’s Potential Billion-Dollar Fine on X European Union regulators are preparing to levy what could be a billion-dollar penalty against X, prompting Elon Musk to take to social media with a rallying cry against what he deems an unjust attack on innovation and progress. The EU’s move comes at a […]

Pope urges vigilance over AI at World Economic Forum

Pope Francis Calls for Vigilance Over AI at World Economic Forum Artificial Intelligence (AI) has undoubtedly revolutionized the way we live, work, and interact with the world around us. From personalized recommendations on streaming platforms to self-driving cars and advanced medical diagnostics, AI’s impact is felt across various sectors. However, with great power comes great […]

Taiwan welcomes exclusion from US AI restrictions

Taiwan Celebrates Exemption from US AI Chip Restrictions: A Testament to Robust Oversight and Compliance In the ever-evolving landscape of technology and innovation, the race for dominance in artificial intelligence (AI) has become increasingly fierce. Recently, Taiwan made headlines as it was granted an exemption from the US AI chip restrictions, a decision that has […]

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