US Regulators Add Artificial Intelligence to Potential Financial System Risks December 15, 2023 By Pete Schroeder Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not...
Meta Used Copyrighted Books for AI Training Despite Lawyers’ Warnings, Say Authors December 13, 2023 By Katie Paul Meta Platforms’ lawyers had warned it about the legal perils of using thousands of pirated books to train its AI...
Tech Update: Hiscox London Mkt, Google Collaborate to Boost Underwriting With AI December 12, 2023 Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the...
Microsoft Agrees to Union Contract Terms Governing Its Use of AI December 11, 2023 By Josh Eidelson Microsoft Corp. has agreed to union contract language governing its use of artificial intelligence, creating an avenue for workers to...
European Union Agrees Landmark Deal Governing Use of Artificial Intelligence December 11, 2023 By Foo Yun Chee, Martin Coulter and Supantha Mukherjee Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments’...
Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators December 8, 2023 By Leah Nylen The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may...
UK Data Protection Watchdog Warns Companies Over AI Use and Privacy December 7, 2023 Britain’s data protection watchdog warned companies to consider people’s privacy rights whenever they use artificial intelligence (AI) or face not...
London’s Insurance, Finance Workers to See Biggest AI Impact: UK Report November 29, 2023 By Irina Anghel Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial...
US, Britain, Other Countries Ink Agreement to Make AI ‘Secure by Design’ November 28, 2023 By Raphael Satter and Diane Bartz The United States, Britain and more than a dozen other countries on Sunday unveiled what a senior U.S. official described...
Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best November 15, 2023 By Allen Laman AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today,...