In this article: Risks and Governance in AI Usage Costly Missteps Misusing generative AI, as seen with Lionsgate, highlights the need to verify AI-generated content like traditional sources. High Adoption, High Risk Enterprise enthusiasm for generative AI drives the implementation of governance, risk, and compliance measures across jurisdictions. Key Concerns Summary: What CIOs need […]
AI Regulation
In this article: New York AI Accountability Law Mandatory AI Reviews New York state agencies must assess and report their use of AI software, detailing algorithms and computational models involved. Public Transparency Reports will be submitted to the governor and legislative leaders, and published online for public access. AI Usage Restrictions AI cannot automate critical […]
In this article: Companies and governments need to take more responsibility for keeping individuals safe from the potential misuse of artificial intelligence tools, according to AI expert Ivana Bartoletti. Ms. Bartoletti is the Global Chief Privacy and AI Governance Officer of multinational IT company Wipro, an advisor to the Council of Europe and co-founder of […]
In this article: The article discusses how the United Nations is using technological innovations, particularly AI-powered tools, to accelerate progress towards the Sustainable Development Goals in the Asia-Pacific region. It highlights three specific initiatives: In Indonesia, the UN Development Programme (UNDP) has developed an AI-enabled digital tool called STRIVE that gathers the aspirations of villagers […]
In this article: The Reserve Bank of India (RBI) has set up an eight-member committee to study the regulatory and supervisory approach to artificial intelligence (AI), especially in the financial sector, in other parts of the world and identify its potential risks. The committee will recommend an evaluation, mitigation, and monitoring framework, as well as […]
In this article: South Korea’s National Assembly has passed the “Basic Act on the Development of Artificial Intelligence and the Establishment of Trust.” The new legislation combines 19 separate proposals from different political parties. Like the EU’s AI Act, South Korea’s AI regulation imposes stricter requirements on high-impact AI systems. Click the link to read […]
In this article: 2024: Establishing AI Rules U.S. government agencies acted on the White House executive order on AI safety. The European Union’s AI regulation became law. Nobel Prizes highlighted AI risks, with Bhaskar Chakravorti framing the awards as a critique of unchecked AI growth. Debates on AI Growth Viktor Mayer-Schönberger and Urs Gasser encouraged […]
In this article: The document discusses the Digital Personal Data Protection Act (DPDPA) enacted in India in 2023 to address data privacy concerns in the fintech sector. The DPDPA aims to strike a balance between safeguarding personal data and fostering technological innovation. Key aspects of the Act include: Significant penalties for non-compliance, with fines up […]
In this article: Employment law in 2024 was marked as the “Year of Artificial Intelligence Legislation,” with all but five states introducing new AI legislation. Four of the five outliers, including Texas, did not have 2024 legislative sessions. Texas is expected to consider the Texas Responsible AI Governance Act (TRAIGA) when its legislature reconvenes in […]
In this article: The document discusses the growth and challenges faced by Google Cloud and Google’s overall business. Google Cloud saw significant year-over-year revenue increase, driven by demand for AI-capable cloud services and partnerships like the one with Citi. However, Google faces regulatory threats, particularly the potential breakup of its Chrome browser, which could significantly […]
