In this article: In a blog post Friday, OpenAI laid out its early plans for changing its corporate structure to allow for more capital raising and growth. OpenAI said its existing for-profit division will become a public benefit corporation, or PBC, “with ordinary shares of stock.” The PBC will oversee commercial operations, and the nonprofit […]
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In this article: The article discusses the increasing use of artificial intelligence (AI) in the legal industry. It highlights how AI is being used to assist lawyers and judges in various tasks, such as analyzing evidence, writing contracts, and resolving legal disputes. The article focuses on two main aspects: 1. The use of AI in […]
In this article: Key AI Issues for Maryland’s 2025 Legislative Session AI’s Growing Role: AI continues to transform industries and government operations, necessitating thoughtful regulation to maximize benefits and mitigate harms. Maryland’s 2024 AI Legislation: Artificial Intelligence Governance Act (Chapter 496): Establishes regulations for state agency AI use, mandates system inventories and impact assessments, and […]
In this article: As one of the new BRICS partners, Indonesia has immense potential to leverage this network to accelerate the implementation of its national AI strategy. Indonesia’s AI Strategy within BRICS New BRICS Membership: Indonesia joins BRICS alongside Belarus, Bolivia, Kazakhstan, Thailand, Cuba, Malaysia, Uganda, and Uzbekistan starting January 1, 2025, following the expansion […]
In this article: Trustworthy by Design AI Act Proposed Legislation: Senate Democrats Sens. Peter Welch (D-Vt.) and Ben Ray Luján (D-N.M.) introduced the Trustworthy by Design Artificial Intelligence Act. NIST’s Role: Tasks the National Institute of Standards and Technology (NIST) with developing a “trustworthy-by-design” framework for AI systems. Evaluation Criteria: NIST to define “key trustworthiness […]
In this article: Trust and Ethics in AI AI’s Potential: When applied ethically, AI can enhance customer satisfaction, employee experiences, and new business initiatives. Executive Concerns: 72% of executives responding to a recent survey from the IBM Institute for Business Value are hesitant to adopt generative AI due to ethical issues. Investment Delays: 56% are postponing significant […]
In this article: AI Regulation Progress in the U.S. Establishment of AI Safety Review Office Located in the Department of Commerce. Aims to promote AI safety regulations while maintaining U.S. AI leadership. Focus on AI Regulation Ensures safety while supporting the dominance of U.S.-based AI companies. Click the link to read more details https://www.msn.com/en-us/news/technology/the-us-has-a-new-ai-safety-review-office/ar-AA1wwQu4 […]
In this article: The Illinois Supreme Court, the highest court in the US state of Illinois, is one of the first US states to regulate the use of artificial intelligence in the legal system. The Supreme Court of the US state of Illinois has adopted principles on the use of artificial intelligence (AI) for judges, […]
In this article: AI and Cartelization Risks Potential for Collusion AI can enable cartelization by automating collusive behavior through predictive algorithms. Competition concerns arise if algorithms are manipulated. Competition Commission of India (CCI) Actions Focused on developing ecosystems for algorithmic transparency and accountability. Aims to balance innovation promotion with regulation. Ongoing Study on AI and […]
In this article: Texas Proposes AI Regulation Bill Introduction of TRAIGA State Rep. Giovanni Capriglione filed House Bill 1709, the Texas Responsible Artificial Intelligence Governance Act (TRAIGA), for the next legislative session. Key Proposals in the Bill Companies must disclose AI usage in their operations. Safeguards to protect personal data in AI systems will be […]
