AI Act

CFPB Wants to Set the Rules for How Banks Use AI
CFPB Wants to Set the Rules for How Banks Use AI
August 13, 2024  |  artificial intelligence

The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to...

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Companies Assess Compliance as EU’s AI Act Takes Effect
Companies Assess Compliance as EU’s AI Act Takes Effect
August 01, 2024  |  Artificial Intelligence

The European Union’s AI Act came into force Thursday (Aug. 1), establishing the world’s first comprehensive regulatory framework for artificial intelligence and setting new compliance...

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AI Ethics Tackles Issues Arising From Machines Making Decisions
AI Ethics Tackles Issues Arising From Machines Making Decisions
July 29, 2024  |  artificial intelligence

Imagine a world where machines make life-altering decisions about your health, your job prospects and even your freedom. That world isn’t science fiction — it’s...

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Meta’s AI Retreat May Signal EU Regulatory Minefield
Meta’s AI Retreat May Signal EU Regulatory Minefield
July 19, 2024  |  artificial intelligence

Facebook parent Meta’s decision to withhold its latest multimodal artificial intelligence (AI) model from the European Union highlights the growing chasm between Silicon Valley innovation...

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Big Tech Companies Highlight Benefits of AI at European Event
Big Tech Companies Highlight Benefits of AI at European Event
May 23, 2024  |  artificial intelligence

At the VivaTech conference in Paris on Wednesday (May 22), executives from Amazon and Google spoke about the potential of artificial intelligence (AI) and its...

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European Council Approves AI Act, Says It Sets Global Standard
European Council Approves AI Act, Says It Sets Global Standard
May 21, 2024  |  artificial intelligence

The European Council (EC) has approved the Artificial Intelligence (AI) Act, saying this law is the first of its kind in the world and may set a global...

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Anthropic Launches AI Assistant Claude in Europe
Anthropic Launches AI Assistant Claude in Europe
May 13, 2024  |  artificial intelligence

Artificial intelligence (AI) startup Anthropic has launched its AI assistant Claude in Europe. The web-based version Claude.ai, the Claude iOS app, and the subscription-based Claude Team plan that allows businesses to access the Claude 3...

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UK Set to Revise AI Oversight Amid Big Tech Data Boom
UK Set to Revise AI Oversight Amid Big Tech Data Boom
April 24, 2024  |  artificial intelligence

The head of the U.K.’s financial regulator announced plans to explore how big tech companies’ access to extensive data might lead to improved financial products and more options for consumers. The regulatory...

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EU’s AI Act: Premature or Prescient?
EU’s AI Act: Premature or Prescient?
February 05, 2024  |  Artificial Intelligence

Is it possible to achieve a perfect balance between regulation and innovation over disruptive technologies? The European Union’s (EU) 27 member states appear to think...

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