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GRIP Extra: FINMA to appeal Credit Suisse AT1 wipeout ruling, China implements new cross-border personal data regulations

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Our in-brief roundup of notable stories from the last week.

United States

AI

The big US banks are already reducing hiring as a result of AI technology implementation.

An entire economic ecosystem depends on the future commercial success of OpenAI, reports TechCrunch.

California Governor Gavin Newsom vetoed a bill that would have regulated how employers use AI for decisionmaking, calling