regulation - page 7

Science & Technology

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.

News

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.

News

Metropolitan Commercial Bank to Pay Penalty of $15 Million

Metropolitan Commercial Bank (MCB) announced its agreement to pay a fine of $15 million after the completion of an investigation conducted by the New York State Department of Financial Services (DFS).

News

NYC Releases Plan to Regulate AI

New York Mayor Eric Adams on Monday, October 16, presented a plan for the introduction and regulation of artificial intelligence.

News

Australia Watchdog Fines X

The Australian watchdog for Internet security has fined the social network X, which has been owned by billionaire Elon Musk since October last year.

Society & Lifestyle

Microsoft to Contest US Tax Authority’s Request to Pay Additional $28.9 Billion

Microsoft announced its intention to challenge the request of the United States tax authority to pay an additional $28.9 billion in unpaid taxes for the period from 2004 to 2013.

Fintech & Ecommerce

Australia Plans to Regulate Digital Payment Services

The Australian government has officially announced plans to introduce new legislation that will give the Reserve Bank of Australia the authority to carry out activities to regulate digital payment services, including providers of virtual wallets.

Science & Technology

Utah Sues TikTok

Utah is another American state to file a lawsuit against the TikTok virtual platform.

News

CFPB Director Calls for Provide Higher Level of Data Protection

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), expressed concern about the potential risks associated with the fact that payment systems apply, in his opinion, excessive financial censorship, and exceed reasonable surveillance limits.

Science & Technology

G7 Prepares to Ask AI Firms to Agree to Watermarks

The G7 countries plan to appeal to companies operating in the sphere of artificial intelligence with the proposal of adopting as guidelines defining the principles of work a set of rules developed by the states of this association.

News

Taiwan to Check Suppliers for Cooperation With Huawei

Taiwan announced its intention to conduct an investigation, during which it will be established whether local companies are involved in violations of the United States sanctions regime against China by interacting with Huawei Technologies in the framework of assisting in the operation of chip manufacturing plants.

Fintech & Ecommerce

Amazon’s Secret ‘Project Nessie’ Algorithm Used to Drive Prices According to FTC

The media reports that the Federal Trade Commission (FTC) accuses Amazon of using a secret algorithm codenamed Project Nessie, which is applied to check the boundaries of price increases and is a guarantee that competitors will comply with pre-determined product cost limits.