State legislators taking the lead on AI regulation |
Congress is getting nowhere fast when it comes to regulating artificial intelligence (AI) — or anything else these days. So state legislators are taking up the mantle in Washington's place. State legislators have introduced nearly 650 bills relating to AI in 45 states, according to MultiState, a government affairs firm that tracks AI legislation. Already, 55 of those bills have passed. Those bills focus largely on preventing algorithmic discrimination, disclosing when generative AI is used, and barring deepfakes. Lawmakers are also considering how ChatGPT might be used in schools or government procedures. And more is coming next year. Check out the list of six big AI bills that passed this year at Pluribus News. |
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Trump makes Silicon Valley inroads |
Former President Donald Trump held a fundraiser in San Francisco Thursday hosted by venture capitalists David Sacks and Chamath Palihapitiya. It's part of a concerted outreach by Republicans to the tech industry, which has traditionally favored Democratic candidates. Read more at The Hill. |
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Comer investigates news-rating group | House Oversight Committee chairman James Comer (R) will launch a probe of NewsGuard, a news-rating system that scores news and information sites based on reliability and trustworthiness. Comer asked the company for documents relating to its contracts with federal agencies. Read more at The Hill. |
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Microsoft makes nice after breach | Microsoft President Brad Smith appeared before the House Homeland Security Committee Thursday in the midst of scrutiny over a recent China-backed hack. Smith acknowledged flaws in the company's cybersecurity systems and pledged to make improvements. Read more at The Hill. |
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Crypto industry targets Dem senators | Supporters of the cryptocurrency industry have amassed a $160 million war chest to back candidates who favor light regulations. The group has plans to target U.S. Sens. Sherrod Brown (D-Ohio) and Jon Tester (D-Mont.), two of the most vulnerable incumbents seeking re-election this year. Read more at Bloomberg |
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Musk wins shareholder vote |
Tesla shareholders have approved a $45 billion pay package for chief executive Elon Musk, months after a Delaware judge ruled it had not been negotiated fairly. The deal gives Musk a 12% stake in the company. Voters also approved Musk's plan to reincorporate Tesla in Texas. Read more at The Hill. |
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The social media platform formerly known as Twitter will make "likes" private, the company said this week. Users will no longer see who liked someone else's posts. Read more at The Hill. |
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OpenAI hires retired NSA chief | OpenAI will add retired Gen. Paul Nakasone, who headed U.S. Cyber Command and the National Security Agency, to its board of directors. Nakasone will serve on the company's Safety and Security Committee. Read more at Axios. |
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Magnificent Seven performance this week | AAPL +7.6%, NVDA +8.8%, MSFT +4.2%, GOOG +0.8%, TSLA -1.5%, AMZN -0.7%, META +1.7%. NASDAQ-100 Tech Sector index: +3.7%. |
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New York approves social media bill |
New York lawmakers gave final approval to a first-in-the-nation law that will require social media platforms to provide minors with chronological content, rather than an algorithmically curated feed. The legislature unanimously backed another bill protecting minors from data harvesting for the purpose of targeted advertising. Read more at Pluribus News. |
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Vermont Gov vetoes online bills | Vermont Gov. Phil Scott (R) has vetoed legislation that would have granted citizens the right to sue companies that allegedly violate data privacy and security protections. Scott also nixed an age-appropriate design code, requiring online platforms to be designed with a child's best interests in mind. Read more at Pluribus News. |
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Uber loses gig worker challenge | A federal appeals court in California ruled in favor of a 2019 law that requires app-based employers to treat gig workers as full employees with a minimum wage and workplace protections. The court ruled against a challenge to the law brought by Uber. Read more at The Hill. |
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June 17: The annual Collision conference kicks off in Toronto. |
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June 18: The Senate Health, Education, Labor and Pensions Committee holds hearings on the high prices of GLP-1 drugs Ozempic and Wegovy. The Senate Commerce, Science and Transportation Committee will hold hearings on the FCC's spectrum auction authority. |
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Renew your passport, faster: The U.S. State Department has opened an online passport renewal portal in a trial program meant to speed the process. The program is open to a limited number of users who haven't changed their names or other personal information. Read more at The Hill. |
Autonomous vehicle company Waymo has issued a second voluntary recall of its mapping software after an unoccupied vehicle hit a telephone pole in Phoenix. The vehicle was damaged, but no passengers or bystanders were hurt. Read more at The Verge. |
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You're all caught up! See you next week. |
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