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.
FTC says it won’t ‘hesitate to crack down’ on harmful business practices involving AI
The Federal Trade Commission (FTC) warned Tuesday that it would not hesitate to use its regulatory authority to "crackdown" on companies that use AI tools for illicit purposes.
FAA warns of safety hazard from leaky faucets in Boeing 787, calls for inspections
The FAA is calling for inspections of all Boeing 787 Dreamliners due to recurring issues with leaky bathroom faucets that prompted concern about damaging the airliner's electronics.
‘Hurry up and get it done’: Norfolk Southern set railcar safety checks at one minute
Norfolk Southern’s practices are a prime focus of federal regulators after several major accidents since December 2021, three of which resulted in fatalities.
Silicon Valley Bank: What we learned, what’s next after the collapse
Silicon Valley Bank's collapse is prompting scrutiny of the bank's poor risk management and regulators' failure to get the bank to change course before its implosion.
Citigroup CEO says banking system ‘pretty sound’ after failures of Silicon Valley Bank, Signature Bank
Citigroup Inc CEO Jane Fraser on Wednesday expressed optimism in the nation's banking system despite the failures of Silicon Valley Bank and Signature Bank.
FTC considering 'Click to Cancel' rule in bid to ease pain of ending subscriptions
The Federal Trade Commission is proposing a new "Click to Cancel" rule that would force companies to make it easier for consumers to drop unwanted subscriptions.
Senate Banking Committee announces hearing in Silicon Valley Bank collapse
Senate Banking Committee Chairman Sherrod Brown on Tuesday said lawmakers will hold a hearing next week on the collapse of Silicon Valley Bank.
FCC adopts first rules cracking down on text messaging scams
The Federal Communication Commission (FCC) announced its first regulations that specifically target robotext messages used to promote phishing links and install malware.