83 Republicans vote against amendment to reinstate pilots fired for refusing COVID-19 vaccine
House lawmakers on Thursday voted down a proposed requirement for airlines to reinstate pilots fired due to COVID-19 vaccine mandates, with 83 Republicans voting with Democrats against it.
SEC’s Gary Gensler says AI financial advice must benefit investors, not the model
SEC Chair Gary Gensler said Monday that the financial regulator is looking to ensure that the use of AI in financial advising focuses on clients' interests, rather than the model's.
Ted Cruz bill would inform customers when household smart devices are spying on them
Texas Republican Senator Ted Cruz took to the Senate floor Tuesday and warned that smart devices like air fryers could be spying on American consumers.
FTC Chairwoman Lina Khan grilled by House Judiciary Committee
Federal Trade Commission Chairwoman Lina Khan faced tough questions from House Judiciary Committee Republicans on her agency's moves to block mergers and acquisitions.
TikTok's China-linked parent ByteDance to let US staff cash out stock: report
TikTok's Chinese parent company, ByteDance, is planning to allow the company's U.S. employees to cash out their stock through a buyback program as the company faces a potential ban.
Schumer calls on FDA to investigate Logan Paul’s energy drink
Senate Majority Leader Chuck Schumer sent a letter to the Food and Drug Administration to urge the regulator to look into Prime energy drinks and their caffeine content.
Consumer groups call on US and EU to regulate AI that powers ChatGPT
A coalition of consumer advocacy groups in the U.S. and Europe are calling on governments to quickly adopt regulations on generative AI to protect consumers from its potential harms.
Duckworth rips Sinema proposal for lowering airline pilot qualifications: 'Blood on your hands'
Sen. Tammy Duckworth condemned an amendment by Sen. Kyrsten Sinema, saying it will weaken requirements and produce less experienced airline pilots.
AI makes it easier for fraudsters to create fake companies, hamper due diligence: report
A report by the ACFE and Thomson Reuters found that companies are concerned about being duped by fraudsters' synthetic businesses that are easier than ever to fake with generative AI.
Biden to host Airbnb, Ticketmaster execs in pursuit of 'junk fee' crackdowns
The White House is set to host several corporate executives Thursday in a push by the Biden administration to help rectify the levying of so-called "junk fees."
OpenAI CEO Altman backtracks after threatening to exit Europe over overregulation concerns
Sam Altman, CEO of ChatGPT maker OpenAI, backtracked on a warning that the company may have to stop operating in Europe if the EU over-regulates AI, saying the company has no plans to leave.
ChatGPT maker threatens to leave EU over regulation despite asking Congress to regulate AI
OpenAI CEO Sam Altman has warned the company may stop operating in Europe if an onerous AI law moves forward despite calling for the U.S. government to regulate AI.
Byron Donalds unloads on Biden Energy Department for skipping gas stove hearing
Florida Republican Rep. Byron Donalds slammed the Biden administration Energy Department for refusing to testify on its gas stove efficiency standards.
Facebook owner Meta sells Giphy and takes plus $260M loss after UK antitrust order
Facebook parent Meta will sell Giphy Inc. to Shutterstock for $53 million, well below the $400 million it paid for the platform in 2020 after U.K. regulators blocked the acquisition.
FTC issues warning on misuse of biometric info amid rise of generative AI
The FTC released a policy statement warning about consumers' biometric information potentially being misused as AI and machine learning make such data more accessible than ever.
Should AI development require a license? ChatGPT’s creator thinks so, but some experts disagree
OpenAI CEO Sam Altman says Congress should impose licensing requirements on companies developing advanced artificial intelligence technology, but some experts warn against such a move.
Democratic senator proposes new federal agency to regulate AI
Colorado Sen. Michael Bennet proposed to create a Federal Digital Platform Commission having broad powers to regulate social media and digital content platforms.
'Secret campaign' used thousands of New Yorkers' identities without consent to influence federal policy: NY AG
A "secret campaign" used millions of consumer identities, including those of thousands of New Yorkers, to generate fake public comments to the FCC in favor of repealing net neutrality.
Biden climate regulation could jeopardize nearly million jobs, tank economic activity by billions: study
The EPA's plan to reduce pollution would harm the manufacturing sector, threatening hundreds of thousands of jobs and hundreds of billions in economic activity, a new study showed.
Biden's mortgage redistribution plan sparks ominous warning as experts note similarities to prior crisis
New Biden administration mortgage rules that could result in highly qualified borrowers scores paying higher fees is drawing comparisons to the 2008 financial crisis.