PYMNTS.com September 13, 2024
Artificial intelligence (AI) is reconfiguring industries worldwide, from Apple’s new iPhone 16 with “Apple Intelligence” to OpenAI’s advanced “o1” reasoning models. As AI capabilities grow, experts caution that strict U.S. reporting rules could push firms overseas while stressing the importance of human oversight as workers use AI to handle increasingly complex tasks.
Costly AI Reporting Rules Could Drive AI Firms Abroad
Experts warn that a new Commerce Department proposal could saddle AI firms with hefty compliance costs and potentially drive them to relocate as the U.S. government seeks tighter oversight of the rapidly evolving tech sector. Announced on Monday (Sept. 9) by the Bureau of Industry and Security (BIS), the proposed rule would require major AI companies to provide detailed...
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