us regulators – pressnews

5 things about AI you may have missed today: Japan eyes AI guidelines, AI poses risk to financial stability, more

15Oct

By adminNo Comments

Technology

5 things about AI you may have missed today: Japan eyes AI guidelines, AI poses risk to financial stability, more

[ad_1] A number of important events have happened today in AI space that seek to better harness the potential of this tool as well as highlight its negative aspects. Japan is to draft AI guidelines to address overreliance on the new tool; SEC Chair Gensler warns of AI risks to financial stability; Pastor who used AI for church service says It won't happen again; Creative professionals embrace AI image generators but warn about misuse- this and more in our daily roundup. Let us take a look.1. Japan to draft AI guidelines to address overrelianceCompanies and organisations in Japan will be required to take measures to reduce overreliance on AI, according to draft guidelines by a government panel. The guidelines also call for AI developers to avoid using biased data and to maintain records ...

Google, Meta and Apple set to win US approval for virtual reality devices

[ad_1] Alphabet Inc.'s Google, Apple Inc. and Meta Platforms Inc. are on the verge of winning approval from US regulators to deploy a new set of mobile virtual and augmented reality devices, including goggles and in-car connections.The very low power gadgets would be allowed to tap airwaves used by Wi-Fi-enabled devices under a proposal announced Wednesday by Federal Communications Commission Chairwoman Jessica Rosenworcel. The agency is to vote Oct. 19 on the matter, which is considered likely to be approved because Rosenworcel leads a Democratic majority at the agency. Tapping into the 6 GHz band would “foster a new wave of innovation in devices that will benefit consumers in exciting ways and bolster US leadership in advanced wireless technologies,” Rosenworcel said in a statement. D...

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...