PYMNTS-MonitorEdge-May-2024

TechREG

IMF Lays Out 5-Point AI Regulation Action Plan
IMF Lays Out 5-Point AI Regulation Action Plan
January 22, 2024  |  Artificial Intelligence

2023 saw governments around the world grapple with the commercial emergence of artificial intelligence (AI).  From the White House’s Executive Order on the Safe, Secure, and Trustworthy Development and...

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EU Antitrust Chief Meets With Big Tech CEOs Over Regulation and Competition Compliance
EU Antitrust Chief Meets With Big Tech CEOs Over Regulation and Competition Compliance
January 12, 2024  |  Big Tech

Margrethe Vestager, the European Union’s (EU) antitrust chief, recently met with the chief executives of tech giants Apple, Alphabet and Qualcomm.  The purpose of these meetings was to discuss regulation...

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Congressional Working Group to Study AI’s Impact on Financial Services 
Congressional Working Group to Study AI’s Impact on Financial Services 
January 11, 2024  |  Artificial Intelligence

A bipartisan congressional working group will explore the impact of artificial intelligence (AI) on the financial services and housing industries.  The formation of the Working...

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Sophisticated AI Systems Have Experts Rethinking Regulating Intellectual Property
Sophisticated AI Systems Have Experts Rethinking Regulating Intellectual Property
December 27, 2023  |  artificial intelligence

The democratization of technology has led to, in some ways, the democratization of intellectual property (IP).  And artificial intelligence (AI) has supercharged this trend.  “We...

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Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
December 26, 2023  |  Artificial Intelligence

With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been...

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5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in 2024 
5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in...
December 20, 2023  |  Regulation

December’s on the way out. Congress is quiet, on recess until the beginning of next year. The Supreme Court’s not hearing arguments at the moment....

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FSOC Identifies Use of AI as Vulnerability in Financial System 
FSOC Identifies Use of AI as Vulnerability in Financial System 
December 15, 2023  |  Artificial Intelligence

The Financial Stability Oversight Council (FSOC) has, for the first time, identified the use of artificial intelligence (AI) in financial services as a vulnerability in the financial...

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Throttle AI Innovation at Productivity’s Peril, Says AI Expert
Throttle AI Innovation at Productivity’s Peril, Says AI Expert
December 11, 2023  |  artificial intelligence

How do you regulate an everything-everywhere innovation like artificial intelligence (AI)? The White House’s executive order on the safe, secure and trustworthy development of AI...

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Google Delivers Formal Response to EU’s Threat to Ad Tech Unit 
Google Delivers Formal Response to EU’s Threat to Ad Tech Unit 
December 08, 2023  |  Google

Google has made a formal response to the European Union’s (EU) threat to break up its profitable advertising technology (ad tech) arm, calling the allegations “flawed.”...

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