Congress – Page 2

SEC lawsuits against cryptocurrency companies raise questions about industry’s future

11Jun

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Technology

SEC lawsuits against cryptocurrency companies raise questions about industry’s future

[ad_1] First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits.The U.S. Securities and Exchange Commission filed lawsuits last week against the world's biggest cryptocurrency exchanges, Binance and Coinbase, deepening tensions between the government and a volatile industry that has been marred by scandals and market meltdowns. Binance and Coinbase are both alleged to have violated the law by operating as securities exchanges without registering their businesses with the SEC. Binance faces additional charges, along with its CEO, of diverting customer funds to a separate business, among other accusations. Most recently, the SEC asked a federal judge to freeze the assets of Binance's U.S. platform. The lawsuits are the latest in a...

Regulators take aim at AI to protect consumers and workers

27May

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Technology

Regulators take aim at AI to protect consumers and workers

[ad_1] As concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation's financial watchdog says it's working to ensure that companies follow the law when they're using AI.Already, automated systems and algorithms help determine credit ratings, loan terms, bank account fees, and other aspects of our financial lives. AI also affects hiring, housing and working conditions. Ben Winters, Senior Counsel for the Electronic Privacy Information Center, said a joint statement on enforcement released by federal agencies last month was a positive first step. “There's this narrative that AI is entirely unregulated, which is not really true,” he said. “They're saying, ‘Just because you use AI to make a decision, that doesn't mean you're exempt from responsibility...

Sam Altman: the quick, deep thinker leading OpenAI

17May

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Sam Altman: the quick, deep thinker leading OpenAI

[ad_1] An influential Silicon Valley presence for more than a decade, OpenAI CEO Sam Altman is emerging as the tech titan of the AI age, riding the wave of ChatGPT, the bot his company unleashed on the world. Altman testified on Tuesday to a US Senate Judiciary Committee panel and said artificial intelligence could be at a "printing press" moment, which would make him one of its main pioneers. In 2015, Altman joined Tesla chief Elon Musk and others in starting OpenAI, a research company with a stated goal of building generative AI that benefits humanity. "The technological progress we make in the next 100 years will be far larger than all we've made since we first controlled fire and invented the wheel," Altman said in a 2021 blog post. Born in 1985 into a Jewish family, Altman grew u...

AI in Washington’s crosshairs but consensus far from certain

16May

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AI in Washington’s crosshairs but consensus far from certain

[ad_1] U.S. lawmakers are grappling with what guardrails to put around burgeoning artificial intelligence, but months after ChatGPT got Washington's attention, consensus is far from certain. Interviews with a U.S. senator, congressional staffers, AI companies and interest groups show there are a number of options under discussion. The debate will be in focus on Tuesday when OpenAI CEO Sam Altman makes his first appearance before a Senate panel. Some proposals focus on AI that may put people's lives or livelihoods at risk, like in medicine and finance. Other possibilities include rules to ensure AI isn't used to discriminate or violate someone's civil rights. Another debate is whether to regulate the developer of AI or the company that uses it to interact with consumers. And OpenAI, th...

Members of Congress on TikTok defend app’s reach to voters

3Apr

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Members of Congress on TikTok defend app’s reach to voters

[ad_1] Rep. Jeff Jackson of North Carolina has used it to explain the complex fight over raising the debt limit. Rep. Robert Garcia of California has used it to engage with members of the LGBTQ community. And Sen. Bob Casey of Pennsylvania has used it to give an overview of Election Day results.As pressure against TikTok mounts in Washington, the more than two dozen members of Congress — all Democrats — who are active on the social media platform are being pushed by their colleagues to stop using it. Many defend their presence on the platform, saying they have a responsibility as public officials to meet Americans where they are — and more than 150 million are on TikTok. “I'm sensitive to the ban and recognize some of the security implications. But there is no more robust and expeditiou...

China appeals for fair treatment after latest TikTok bans

18Mar

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China appeals for fair treatment after latest TikTok bans

[ad_1] China appealed Friday to other governments to treat its companies fairly after Britain and New Zealand joined the United States in restricting use of TikTok due to fears the Chinese-owned short video service might be a security risk.Governments are worried TikTok's owner, ByteDance, might give browsing history or other data about users to China's government or promote propaganda and disinformation. “We call on the countries concerned to recognize the objective facts, effectively respect the market economy” and provide “a non-discriminatory environment" for all companies, said foreign ministry spokesperson Wang Wenbin. TikTok is one focus of conflicts between China and other governments over technology and security that are disrupting processor chip, smartphone and other industri...

Shashi Tharoor, 4 Other MPs Seek Transparency In Congress Poll: Report

9Sep

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Shashi Tharoor, 4 Other MPs Seek Transparency In Congress Poll: Report

[ad_1] Shashi Tharoor is contemplating running for the post of party president.New Delhi: Five Congress MPs have written to AICC central election authority chief Madhusudan Mistry expressing concern about the "transparency and fairness" of the poll process to elect the party chief, seeking that the electoral rolls should be securely provided to all electors and potential candidates.In a joint letter to Mistry dated September 6, Congress's Lok Sabha members Shashi Tharoor, Karti Chidambaram, Pradyut Bordoloi and Abdul Khaleque said it was unfortunate that an erroneous interpretation was being given to their demand of releasing electoral rolls."We are not suggesting that any internal document of the party should be released in a manner that may give an opportunity to those who wish us ill ...

For Congress March, Rahul Gandhi Has Private Container, Others 2-12 Beds

9Sep

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For Congress March, Rahul Gandhi Has Private Container, Others 2-12 Beds

[ad_1] The Congress Bharat Jodo Yatra is using 60 such containers.New Delhi: Among some 230 people part of the Congress's 'Bharat Jodo Yatra', senior party leader Rahul Gandhi is spending his nights on in one of the 60 containers mounted on trucks that are being moved daily from one place to another.While the 52-year-old MP has one of the air-conditioned containers to himself, others will be sharing. Senior leaders are housed in two-bedded containers and others yatris in six or 12-bedded ones. Not all containers have ACs, but most have attached toilets.The containers are being moved on trucks along with the march.Party leader Jairam Ramesh has told reporters that the containers, which will be stationed every night at temporary campsites of about two acres, don't have provisions for food ...

Rahul Gandhi, On Congress Chief Polls, Says “No Confusion In My Mind”

9Sep

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Rahul Gandhi, On Congress Chief Polls, Says “No Confusion In My Mind”

[ad_1] The Kanyakumari-Kashmir Bharat Jodo Yatra of the Congress began on Wednesday.Kanyakumari: Keeping his cards close to his chest, Congress leader Rahul Gandhi on Friday said he has made the decision whether he wants to become the next party president or not and asserted he will give his reasons if he does not contest the upcoming elections.Mr Gandhi was asked a slew of questions at a press conference on whether he would assume the mantle of the party president and he repeatedly said he would give an answer if he does not enter the fray, indicating that the likelihood of him sticking to his stance of not taking up party chief's post is more.He also said the Bharat Jodo Yatra will help in forging Opposition unity even though that is a separate exercise.It is the responsibility of the ...

“Congress Fired Missiles At Me, I Destroyed Them With A Rifle”: GN Azad

9Sep

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“Congress Fired Missiles At Me, I Destroyed Them With A Rifle”: GN Azad

[ad_1] GN Azad, however, avoided commenting on Indira Gandhi and Rajeev Gandhi. (File)Bhaderwah: Former Union Minister Ghulam Nabi Azad, who recently ended his five-decade-long association with the Congress, said he only retaliated with a rifle when the leaders from his former party fired missiles at him.Addressing a public rally in Jammu and Kashmir's Bhaderwah on Thursday, Mr Azad said, "They (Congress) fired missiles on me, I only retaliated with a 303 rifle and they were destroyed. What would have happened had I used a ballistic missile? they must disappear."However, he avoided commenting on the late Indira Gandhi and Rajeev Gandhi."Since I have been a member of the party for 52 years and consider Rajeev Gandhi to be my brother and Indira Gandhi to be my mother, I have no desire to e...