PYMNTS.com August 14, 2024

Lawmakers on both sides of the Atlantic are racing to establish artificial intelligence (AI) regulations, with California poised to vote on strict AI oversight as the U.S. Congress considers a “regulatory sandbox” for financial services.

Meanwhile, the European Union’s AI Act is set to transform the healthcare technology landscape, highlighting the complex balance between fostering innovation and ensuring public safety when it comes to using AI.

California Poised for Crucial Vote on AI Regulations

California lawmakers are set to vote Thursday (Aug. 15) on a landmark bill that could reshape the AI industry, as tech giants and startups alike grapple with its potential consequences.

The legislation, SB 1047, must pass the assembly appropriations committee before advancing to a full assembly...

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Topics: AI (Artificial Intelligence), Govt Agencies, Regulations, Technology
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