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Factbox-Governments race to regulate AI tools
Date: June 2, 2023
Factbox-Governments race to regulate AI tools (Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: AUSTRALIA * Seeking input on regulations The...
Fighting fraud: Why should preventing crime be voluntary?
Date: May 12, 2023
The House of Lords’ recent report about the scope and impact of fraud in the UK stated that fraud accounts for 41% of all crimes against individuals in England and Wales. In fact, the report went so far as to say that, if this statistic applied to people being mugged in the street with millions...
UK brings train operator TransPennine under temporary state control
Date: May 11, 2023
LONDON (Reuters) -Britain said it will bring TransPennine Express under temporary government control as it cancelled its contract to operate trains in the north of England and Scotland, citing months of disruption and regular cancellations across the network. The government intends to return the FirstGroup-owned company to the private sector, Britain’s transport department said on...
US Senate leader schumer calls for AI rules as ChatGPT surges in popularity
Date: April 13, 2023
US Senate leader Schumer calls for AI rules as ChatGPT surges in popularity By David Shepardson WASHINGTON (Reuters) -Senate Majority Leader Chuck Schumer said Thursday he had launched an effort to establish rules on artificial intelligence to address national security and education concerns, as use of programs like ChatGPT becomes widespread. Schumer, a Democrat, said...
German regulator hands EY 2-year audit ban over wirecard scandal – handelsblatt
Date: April 3, 2023
BERLIN (Reuters) – German accounting watchdog APAS has banned EY from taking on new audits for companies of public interest for two years and handed the firm a 500,000 euro ($541,650.00) fine, German business daily Handelsblatt reported on Monday. APAS declined to comment on the matter. The regulator is expected to release a statement on...
Elon musk and others urge AI pause, citing ‘risks to society’
Date: March 29, 2023
By Jyoti Narayan, Krystal Hu, Martin Coulter and Supantha Mukherjee (Reuters) -Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI’s newly launched GPT-4, in an open letter citing potential risks to society and humanity. Earlier this month, Microsoft-backed OpenAI...