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US House forms AI task force as legislative push stalls
Economic Times
·
1y ago
Medial
The leaders of the U.S. House of Representatives are creating a bipartisan task force to develop legislation around artificial intelligence (AI). The task force will produce a comprehensive report to address concerns regarding AI's impact on job displacement, elections, and national security. The recent use of AI-generated voices in a fake robocall during the New Hampshire Democratic primary has further highlighted the need for regulation. The report will include guiding principles, recommendations, and policy proposals to protect consumers and promote investment and innovation in AI. The goal is to ensure that AI benefits society without causing harm.
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US SEC holds crypto task force roundtable as Trump plans regulatory revamp
Economic Times
·
4m ago
Medial
The US SEC's crypto task force held its first public meeting to discuss how securities laws apply to digital assets. Led by Republican SEC Commissioner Hester Peirce, the task force aims to develop rules for crypto, amidst Trump's push to revamp regulations. Participants included experts like John Reed Stark and Miles Jennings. The debate focused on whether crypto needs a separate regulatory framework, with some expressing concerns over loosening existing rules.
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US-India Business Council launches AI task force with Meta as co-chair
Economic Times
·
1y ago
Medial
The US-India Business Council (USIBC) of the United States Chamber of Commerce held its first Artificial Intelligence (AI) Task Force meeting to discuss cross-sector collaboration in AI. Meta has been named the co-chair of the task force, while Infosys, UPS, and BNY Mellon have joined the USIBC's AI Board Advisory Committee. The committee aims to drive collaboration and innovation in the field of AI and unlock the value of the collaboration between the US and India. The meeting brought together industry leaders from various sectors to explore cooperation and synergy in key areas critical to economic competitiveness and national security.
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US Congress moves ahead on bill to push TikTok's Chinese owner to sell
Reuters
·
1y ago
Medial
The U.S. Congress is ramping up efforts to force ByteDance, the Chinese owner of TikTok, to sell the social media app or face a ban in the country. The House of Representatives has scheduled a vote for Saturday on a legislative package that includes a provision giving ByteDance a year to sell TikTok. This bill has gained support from key lawmakers, including U.S. Senate Commerce Committee chair Maria Cantwell, increasing the likelihood of it becoming law. The push to sell TikTok is driven by concerns over national security risks posed by the potential sharing of user data with China.
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US securities regulator announces AI task force - The Economic Times
Economic Times
·
8d ago
Medial
The U.S. Securities and Exchange Commission (SEC) has created an artificial intelligence task force to enhance innovation and efficiency within the agency. Valerie Szczepanik has been appointed as the SEC’s chief AI officer and will lead this initiative. The new task force aims to advance the SEC's operations by integrating AI technologies, reflecting the regulator's commitment to leveraging technological advancements to improve its functions and services.
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US SEC unveils task force to start work on crypto regulations
Economic Times
·
6m ago
Medial
The US Securities and Exchange Commission (SEC) has created a task force to develop a regulatory framework for crypto assets, marking a significant policy shift under President Donald Trump's administration. Led by Commissioner Mark Uyeda and Commissioner Hester Peirce, the task force aims to establish clear regulatory guidelines, offer pathways to registration, and craft sensible disclosure frameworks. The move, welcomed by industry figures such as Kraken and Coinbase, signals a new crypto-friendly approach, shifting away from previous enforcement-focused strategies.
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Binance, SEC request pause in legal battle as Trump's crypto policy takes shape
Economic Times
·
6m ago
Medial
Binance and the US SEC have requested a 60-day pause on the lawsuit against Binance, influenced by a new task force on crypto regulations. This pause indicates a shift towards a more crypto-friendly approach under President Trump's administration. The SEC had previously sued Binance over accusations related to trading volumes and customer funds. The task force, led by Commissioner Hester Peirce, aims to improve the regulatory climate for the crypto industry.
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Startups form new taskforce to take on Google on billing
Economic Times
·
1y ago
Medial
According to the Economic Times, a 40-member task force has been formed by Indian companies and startups to take on the Google Play Billing System (GPBS). The task force, constituted under the Internet and Mobile Association of India (IAMAI), will decide on the course of action against Google Play. The task force will consider options such as impleading in court or issuing a statement to address the GPBS issue, where Google charges a 30% commission on in-app purchases. The IAMAI aims to protect the interests of Indian companies in the tech industry.
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USIBC Launches New Initiative To Align US, India Leadership In AI
Inc42
·
1y ago
Medial
The US-India Business Council (USIBC) has launched the Artificial Intelligence Task Force (AI-TF) to align the leadership of India and the US in the field of artificial intelligence (AI). The initiative aims to drive AI technology development, foster multistakeholder processes, and enhance competitiveness in both economies. It comes after India and the US signed a pact to connect their startup ecosystems, with a focus on critical and emerging technologies. India's generative AI market is projected to exceed $17 billion by 2030, fueled by the innovative capabilities of its 70+ GenAI startups.
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Nandan Nilekani appointed Chief Mentor for India Energy Stack Task Force
Economic Times
·
1m ago
Medial
Infosys co-founder Nandan Nilekani is named Chief Mentor of a Task Force developing the India Energy Stack under the Ministry of Power, aiming to create a Digital Public Infrastructure to modernize and standardize the power sector. The initiative is part of the Revamped Distribution Sector Scheme, with REC Ltd. as Programme Nodal Agency and FSR Global as Knowledge Partner. The Task Force includes many experts and representatives from major DISCOMs, pursuing efficiency and transparency in India’s energy sector.
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Donald Trump’s New Crypto Bible Is Everything the Industry Ever Wanted
Wired
·
10d ago
Medial
The White House under President Donald Trump has released a 160-page report outlining recommendations for establishing the US as a "crypto capital." The report suggests regulatory frameworks, legislative actions, and embraces decentralized finance to support crypto businesses. It highlights a departure from the Biden administration's approach, criticized for regulatory overreach. Critics argue the report favors industry insiders, while supporters see it as aligning government policy with innovative financial technologies.
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