AI Act

The European Union’s groundbreaking AI Act, a legislation aimed at regulating artificial intelligence, officially comes into effect today, bringing significant changes for American tech giants. What Happened: The AI Act, which was approved by EU member states, lawmakers, and the European...

Leaders from the Group of Seven (G7) are set to endorse a voluntary code of conduct for enterprises engaged in developing advanced artificial intelligence technologies.  This move aims to manage the potential risks and misuse associated with AI systems. What Happened: The ...

While the integration of AI in the realm of finance has provided it with a much-needed boost by streamlining processes, enhancing efficiency, and enabling the delivery of tailored services, several ethical implications have come with its usage. These concerns have been amplified by the fair share...

The Joe Biden administration could disclose a crucial executive order focused on artificial intelligence on Monday, reported Reuters, based on several media reports. This order is expected to include key provisions around AI use and immigration barriers for highly skilled workers. What Happened:...

The EU reportedly plans to introduce a novel three-tiered system to regulate artificial intelligence systems and models, potentially making it the first Western government to do so. What Happened: The EU’s proposed regulatory scheme would classify and control AI technology according...

While the EU AI Act saw majority support in the Parliament in June 2023, officials are now looking at more restrictive guidelines for larger operators like OpenAI and Meta. This is like the tighter regulations set under the DSA Act for the largest players. What Happened: European Union...

Last week, the EU Commission announced it will be introducing new rules to empower regulators going after Big Tech by revamping cross-border procedures for privacy probes. Since the General Data Protection Regulation came into force back in 2018, investigations have been criticized for taking too...