regulation - CybAI news

25 Jul

New Jersey’s $500 Million Bid to Become an AI Epicenter

stp2y0 CommentsRAG modelsalgorithms, artificial intelligence, Government, machine learning, regulation

New Jersey has a new plan to become the US hub for AI innovation. The state’s governor signed a law on Thursday that will offer up to $500 million in tax credits for artificial intelligence companies to set up shop in the state.“We want New Jerseyans to stand at the forefront of the AI revolution—and build a more prosperous world in the process,” New Jersey’s Governor, Phil Murphy, a Democrat, said in a statement. “And in so doing, we are going to establish New Jersey as the home-base for R&D in generative AI.”AI companies and data centers that power AI…

17 Jul

RealPage Says Rental Pricing Tech Is Misunderstood, but Landlords Aren’t So Sure

stp2y0 CommentsAIalgorithms, artificial intelligence, regulation, tech policy and law

Yardi Systems, another US property management company, is also facing a class action suit regarding antitrust violations for artificially inflating rent prices. The company has said it did “nothing illegal,” as it does not mandate rent prices through its software or make “collusive pricing decisions.”Typical rental costs in Phoenix have increased by more than about $500 a month from April 2020 to 2024, and by around $400 in Washington, DC, in the same period, according to Zillow.Renters have also filed numerous class action suits against RealPage and property owners that have been consolidated. Some landlords named in those settled claims…

05 Jul

How Labour Can Fix the UK’s Tech Industry

stp2y0 CommentsRAG modelsGovernment, policy, politics, regulation

One way for Labour to unlock capital is to leverage the power of pensions and allocate more of their funds to venture capital to fill the Series A funding gap, says Edward Prior, head of investor services at early-stage VC fund SFC Capital. “There’s more US pension fund money in UK startups than there is UK pension fund money,” he argues.“Yes, we need to be the best place to start a business, and we really are on a world-leading footing with that, but we also need to be the best to scale a business, because we are losing too much…

03 Jul

Britain’s Brewing Battle Over Data Centers

stp2y0 CommentsRAG modelscities, data, energy, infrastructure, policy, regulation

As mayor of Newham, Rokhsana Fiaz has plenty of problems to reckon with. Her London borough is wrestling with entrenched poverty and the capital's highest rate of residents stuck in temporary housing. But midway through her second term, Fiaz has a new plan to turn things around. She believes that AI could provide a multimillion-pound boost to economic growth, and she’s campaigning for Newham to get a share. “We want to be able to seize the opportunities of the data economy,” she says, “and data centers are a core part of that.”Fiaz’s support for the server farms reflects the enthusiasm…

01 Jul

The US Supreme Court Has Handed Big Tech a Big Gift

stp2y0 CommentsRAG modelscourts, meta, regulation, spacex, u.s. supreme court

SpaceX has adopted similar tactics in its battles against federal regulators. After the National Labor Relations Board in January accused the company of illegally firing eight workers for criticizing Musk in an internal letter, SpaceX filed a lawsuit alleging that the agency’s structure is unconstitutional.The overturning of Chevron in particular means “we’re clearly going to have more litigation,” says Berin Szoka, director of the Washington, DC-based nonpartisan think tank TechFreedom. For example, the FTC’s April decision banning noncompete clauses is likely at risk. Even though the agency has not relied on Chevron in its enforcement actions in recent years, the…

28 Jun

French AI Startups Felt Unstoppable. Then Came the Election

stp2y0 CommentsGenAIalgorithms, artificial intelligence, machine learning, national affairs, politics, regulation

“Then on the other extreme, [the left-wing New Popular Front] have been so vocal about all the taxation measures they want to bring back that it looks like we're just going back to pre-Macron period,” Varza says. She points to France’s 2012 “les pigeons” (or “suckers”) movement, a campaign by angry internet entrepreneurs that opposed Socialist president François Hollande’s plan to dramatically raise taxes for founders.Maya Noël, CEO of France Digitale, an industry group for startups, is worried not only about France’s ability to attract overseas talent, but also about how appealing the next government will be to foreign investors.…

22 Jun

Apple will reportedly withhold new AI features in Europe due to regulations

stp2y0 CommentsNewsai, apple, Apple Intelligence, digital markets act, eu, gear, news, regulation

Apple reportedly said on Friday that it would delay iOS 18’s marquee AI features in the European Union, conveniently blaming Digital Markets Act (DMA) regulations. The company claimed it would block the launch of Apple Intelligence, iPhone Mirroring on the Mac and SharePlay Screen Sharing in the EU this year, according to Bloomberg, which reported the news.“We are concerned that the interoperability requirements of the DMA could force us to compromise the integrity of our products in ways that risk user privacy and data security,” the company said in a statement to Bloomberg. Apple didn’t expand on how DMA regulations…

18 Jun

Airbnb’s Olympics Push Could Help it Win Over Paris

stp2y0 CommentsRAG modelsairbnb, cities, olympics, regulation, sharing economy, sports, travel

Short-term rentals can function as a quick release valve for a city expecting an influx of visitors, increasing capacity for a short time nearly instantly. In fact, despite the usual hype around the Olympic Games, there are still many places to stay in Paris this summer.A search on Airbnb for a two-person stay during the first weekend of the games returned more than 1,000 results, with many charging less than $200 a night. A search for hotel rooms on Expedia only turned up about 20 hotels offering similarly low rates. Hotel prices for the dates of the Olympics have actually…

17 Jun

OpenAI-Backed Nonprofits Have Gone Back on Their Transparency Pledges

stp2y0 CommentsGenAIartificial intelligence, openai, regulation, silicon valley, startups, tech policy and law

Neither database mandates nor generally contains up-to-date versions of the records that UBI Charitable and OpenResearch had said they provided in the past.The original YC Research conflict-of-interest policy that Das did share calls for company insiders to be upfront about transactions in which their impartiality could be questioned and for the board to decide how to proceed.Das says the policy “may have been amended since OpenResearch’s policies changed (including when the name was changed from YC Research), but the core elements remain the same.”No WebsiteUBI Charitable launched in 2020 with $10 million donated from OpenAI, as first reported by TechCrunch…

13 Jun

Sellers Call Amazon’s Buy Box ‘Abusive.’ Now They’re Suing

stp2y0 CommentsRAG modelsamazon, antitrust, Commerce, ecommerce, regulation, retail

The latest UK class action, brought by the retailers, seeks financial compensation for the company’s alleged historical practices. “The most obvious and principal effect is a loss of revenue and profits. Amazon is taking sales away from merchants, having been able to use competitor data to bring to market its own products,” claims Boris Bronfentrinker, partner at law firm Willkie Farr & Gallagher and counsel to the plaintiffs. “When companies acquire market power, they have to act with a certain responsibility. It’s not free and open to them to do what they want.”But despite the numerous existing investigations and allegations…