AIRegulation

Wall Street Warns of Emerging AI Risks Amid Growing Concerns Over Hallucinations and Criminal Utilization

2 months ago

In a recent report that sheds light on the darker side of artificial intelligence, financial experts on Wall Street are raising alarms about the increasing risks associated with AI technology. As companies and investors enthusiastically integrate AI into various sectors, the potential for misuse and unforeseen consequences has become an urgent topic for discussion.

Musk Seeks Legal Action Against OpenAI's For-Profit Transition

6 months ago

In a significant development within the tech industry, Elon Musk is calling on the courts to intervene in what he describes as the unlawful transition of OpenAI from a non-profit to a for-profit entity. The move has sparked a heated debate around the implications this shift has on artificial intelligence (AI) ethics and the original mission of the organization, which was founded to advance digital intelligence in a way that benefits humanity as a whole.

Fed's Bowman Advocates Patience on AI Regulation, Urges Balanced Approach

6 months ago

In a recent statement, Federal Reserve Board Governor Michelle Bowman emphasized the necessity for regulators to adopt a cautious and balanced approach when it comes to the regulation of artificial intelligence (AI). She highlighted that rushing into regulatory measures may stifle innovation and hinder the advancement of AI technologies that can benefit the economy and society as a whole.