PYMNTS.com November 13, 2024

Major nations split over artificial intelligence (AI) regulation this week, as Australia committed to strict oversight, while the EU raced to implement its AI Act, and OpenAI will reportedly unveil a national AI plan. The regulatory divide deepened just as banks and financial firms accelerated their push into AI technology, setting up a showdown between countries seeking tight controls and those favoring a hands-off approach.

EU Opens Consultation on AI

The European AI Office has launched a targeted consultation to help develop official guidelines for the European Union’s new AI law.

The consultation, which runs from Wednesday (Nov. 13) to Dec. 11, focuses on two key areas of the AI Act: interpreting what qualifies as an AI system and understanding...

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