Bank of America Puts a Dollar Figure on Its AI Program: $400 Million Spent, $800 Million Gained
CEO Brian Moynihan’s September number is one banks rarely give, and earnings calls this week may test whether peers follow.
India’s AI Mission Trades Subsidized GPUs for Open Models
The roughly $1.2 billion program chose 12 startups to build models with cost-efficient compute.
EU AI Office Has Not Yet Acted Against Any Company, but Labs Are Adding Watermarks and Data Summaries
Axios reported in August that Anthropic, OpenAI, Google and Meta were adopting compliance measures.
Lawmakers Probe Growing Use of Chinese AI Models in U.S. Companies
CNBC reported the July inquiry into open models adopted by American businesses.
White House and Congress Relaunch the Push to Block State AI Laws
Axios reported in June that Sen. Blackburn is leading talks on a package that could include kids’ protections and deepfake rules.
The White House’s National AI Framework Asks Congress to Preempt State Laws
The March 20 plan urges lawmakers to override state AI rules that impose undue burdens.
Rep. Khanna Introduces AI Safety Bill Banning ‘Recursive’ Technology Until Safeguards Exist
The September 28 proposal targets self-improving AI.
New York’s RAISE Act and California’s SB 53 Set the U.S. Frontier AI Baseline
Safety-protocol disclosure and incident reporting rules apply to the largest developers.
Japan Relaxes Privacy Rules to Make AI Development Easier
April amendments remove opt-in consent for sharing some low-risk personal data used for statistics or research.
China Drafts Rules That Keep Humans in the Loop for AI Agents
The Cyberspace Administration published draft regulations on agent behavior in May.