PYMNTS.com October 9, 2024

As California and New York race to regulate artificial intelligence (AI), a new study predicts the AI governance market will explode to $5.78 billion by 2029. With lawmakers grappling to balance innovation and safety, tech giants and startups are rushing to cash in on the growing demand for ethical AI tools and compliance solutions.

California Governor Appoints AI Industry Insiders to Regulation Panel

California Gov. Gavin Newsom has formed a panel of AI experts to study potential statewide safety rules following his veto of a comprehensive AI regulation bill. The three-member panel, consisting of Stanford’s Fei-Fei Li, UC Berkeley’s Jennifer Chayes and Carnegie Endowment’s Mariano-Florentino Cuéllar, all have strong ties to the AI industry.

Newsom vetoed a sweeping AI regulation...

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