President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim.
Tag: AI
Governments, Firms Should Spend More on AI Safety, Top Researchers Say
Artificial intelligence companies and governments should allocate at least one third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI researchers said in a paper on Tuesday.
Nirvana Nabs $57M to Make AI Inroads into Commercial Trucking Insurance
Nirvana Insurance — an insurance startup taking a new approach to insurance products for commercial fleets using artificial intelligence, telematics, internet-of-things technology and 15 billion miles of trucking data to calculate risk models — is taking on something else: new funding.
Microsoft CEO Says Tech Giants Battling for Content to Build AI
Microsoft chief executive Satya Nadella said Monday tech giants were competing for vast troves of content needed to train artificial intelligence, and complained Google was locking up content with expensive and exclusive deals with publishers.
Is Your AI Model Going Off the Rails? There May Be an Insurance Policy for That
Taking a page from cybersecurity insurance, which saw an uptick in the wake of major breaches several years ago, insurance providers have started taking steps into the AI space by offering financial protection against models that fail.
SEC Adopts New Cyber-Incident Disclosure Rules for Public Companies
The Securities and Exchange Commission (SEC) adopted new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was to help the investing public contend with the mounting cost and frequency of cyber attacks.
Law Firms Are Recruiting More AI Experts as Clients Demand ‘More for Less’
As clients demand more for less, law firms are hiring growing numbers of staff who’ve studied technology not tort law to try and stand out from their rivals.
Attorneys Fined $5,000 for Use of ChatGPT that Invented Precedents
A U.S. judge sentenced two lawyers to pay a $5,000 fine for filing a court brief using the popular artificial intelligence (AI) tool ChatGPT that made up a series of non-existent legal precedents.
Curb Your AI Enthusiasm: Just Look at Insurtech as Cautionary Tale
Shares in “insurtech” startups, which look to upend traditional insurance through the use of automation, data and AI, have enjoyed a small bounce lately thanks to the mania unleashed by OpenAI’s ChatGPT. But they remain far below their levels a few years ago, when many went public.
Bipartisan U.S. Bill Would End Section 230 Immunity for Generative AI
Two U.S. senators introduced legislation on Wednesday that would allow social media companies to be sued for spreading harmful material created with artificial intelligence.