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White House unveils AI Action Plan entitled Winning the Race
The plan called for agency heads to review Biden-era AI policies and regulations and revoke any that might impede US innovation in AI.
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US House passes 10-year moratorium on state AI laws
A clause in the new federal tax bill would ban states and localities from regulating AI for a whole decade.
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Regulatory roundup: Bank interchange fees, NCUA’s 1 board member, NO FAKES
This US reg roundup envisions a right of action for deepfake deception and an enforcement peek at regulators’ analysis of interchange fees.
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NASAA releases top retail investor threat list
Annual review of risks targeting retail investors uncovers many scams targeting investors through social media platforms, by using AI, and via deepfake imagery.
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FinCEN alert on fraud schemes involving deepfake media
Alert is part of Treasury’s broader effort to provide information on opportunities and challenges of AI.
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NYDFS publishes industry letter on cybersecurity risk arising from AI
The guidance does not impose new requirements, it helps DFS-regulated institutions meet their existing obligations in light of evolving risks from AI.
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California’s AI Safety and Innovation Bill awaits Newsom’s signature
The stated purpose of SB 1047 is to codify safety testing that companies already agreed to with President Biden.
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Deepfakes and deception: The global rise of AI and the risks it poses
Widespread enhancements in AI, and growing sophistication of open source AI tools, are increasingly being used by fraudsters for illicit purposes.