In this article: A global biopharmaceutical company had previously conducted an internal AI assessment to evaluate the maturity of its processes in this emerging field, which helped identify a number of gaps. The most pressing was the absence of an AI governance framework. It was clear that plugging this gap was a vital needed step […]
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In this article: Deloitte Report Highlights Growth in Generative AI Investment, but Data and Risk Challenges Persist A new report from the Deloitte AI Institute reveals a surge in investment in generative artificial intelligence (generative AI). While early results are encouraging, organizations are facing significant challenges in data management and risk mitigation that are hindering […]
In this article: This article presents a synthesis of 141 binding policies applicable to AI in these areas within the European Union (EU) and 10 European countries. While the EU AI Act provides the overarching regulatory framework for AI, other legislations address specific concerns such as social, health, and human rights standards, technology safety, innovation […]
In this article: Governor J.B. Pritzker recently signed House Bill 3773, a legislation aimed at regulating the use of artificial intelligence (AI) in employment practices. This new law, which takes effect on January 1, 2026, amends the Illinois Human Rights Act to include certain AI applications, such as generative AI (GenAI), as potential civil rights […]
In this article: OpenAI is reportedly seeking to raise several billion dollars in a new funding round that could significantly boost its valuation. The startup behind the popular AI chatbot, ChatGPT, is aiming for a valuation surpassing $100 billion. Leading the investment round is Thrive Capital, which is expected to contribute approximately $1 billion. Microsoft, […]
In this article: California Legislation: S.B. 1047 passed by lawmakers. AI Restrictions: Bill introduces new AI restrictions. Safety Testing: AI companies must test systems for safety pre-release. Legal Consequences: State Attorney General can sue for AI-caused harm. Potential National Model: Could set a precedent for U.S. AI regulation. Awaiting Governor’s Decision: Bill sent to Governor […]
In this article: For the first time, Commerce makes public new NIST draft guidance from the U.S. AI Safety Institute to help AI developers evaluate and mitigate risks stemming from generative AI and dual-use foundation models. https://www.commerce.gov/news/press-releases/2024/07/department-commerce-announces-new-guidance-tools-270-days-following
In this article: Collaborations with global technology giants such as Google, Ericsson, Microsoft and Huawei are crucial in upskilling Malaysian professionals in artificial intelligence (AI) adoption as they have established a strong presence in Malaysia, provided support and funding and created high-tech job opportunities. OM Connect Sdn Bhd (OpenMinds) founder Jan Wong said that due […]
In this article: This article discusses the benefits of AI such as improved decision-making accuracy and faster adaptation to market changes. Nonetheless, obstacles like data protection and the requirement for qualified AI specialists exist when integrating AI into change management. The AI development company has the potential to completely redefine the way companies handle change […]
In this article: As businesses increasingly turn to AI for streamlining data management, the ethical implications of these technologies demand serious consideration. From ensuring data privacy and security to addressing biases embedded within algorithms, companies must navigate a complex landscape of responsibilities. FinTech Global recently sat down with Ian Carman, Director – Head of Forensic […]
