AI regulation News

OpenAI Asks White House to Shield AI From State Rules

OpenAI has asked the Trump administration to help shield artificial intelligence companies from a growing number of proposed state regulations if they voluntarily share their models with the federal government. In a 15-page set of policy suggestions released on Thursday, …

Minnesota Bill Aims to Combat Sexually Explicit, AI-Generated Deepfakes

Molly Kelley was stunned to discover in June that someone she knew had used widely available “nudification” technology to create highly realistic and sexually explicit videos and images of her, using family photos that were posted on social media. “My …

AI Safety Institute Director Leaves Role

The U.S. AI Safety Institute’s inaugural director, Elizabeth Kelly, is departing her role on Wednesday, she said in a LinkedIn post, a move that leaves open the nascent government body’s direction under President Donald Trump. Named to the position a …

New York State Government to Monitor Its AI Use

New York state government agencies will have to conduct reviews and publish reports that detail how they’re using artificial intelligence software, under a new law signed by Gov. Kathy Hochul. Hochul, a Democrat, signed the bill last week after it …

US House Task Force Releases ‘Blueprint’ for Federal AI Responsibility

A U.S. House of Representatives task force on artificial intelligence on Tuesday released a report of more than 250 pages outlining the potential benefits and harms of the technology. The 24 members of the bipartisan House Task Force on Artificial …

Trump Names David Sacks as White House AI and Crypto Czar

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries. “David will …

Viewpoint: Are You Covered for AI Risks?

You can’t go anywhere without hearing about the impact of generative artificial intelligence on … well, everything. The insurance industry is not immune from these impacts; it has been affected by AI in countless ways – from the use of …

SEC to Increase Scrutiny of AI Tools Used by Financial Brokers, Advisers

The US Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year, the latest sign of regulators’ growing concerns about the emerging technologies. Investment advisers, brokers, clearing agencies and others can expect …

90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs

Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with regulations or to monitor AI results. More than …

New York Updates Financial Services Cybersecurity Regulation to Address AI Risks

The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 financial firms including insurers it regulates in addressing cybersecurity risks arising from artificial intelligence (AI). In a letter to companies, DFS Superintendent …