oversight
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Blog
Will new Apple Pay oversight make Apple Bank a good idea? – Computerworld
The rise and rise of digital payments That’s certainly what the CFPB thinks. “Digital payments have gone from novelty to necessity and our oversight must reflect this reality,” said Chopra. “The rule will help to protect consumer privacy, guard against fraud, and prevent illegal account closures.” If you think back, it wasn’t terribly long ago when the notion that Apple wanted to…
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Sam Altman exits OpenAI commission for AI safety to create ‘independent’ oversight – Computerworld
The safety of OpenAI’s technology also has been called into question under Altman, after reports surfaced that the company allegedly used illegal non-disclosure agreements and required employees to reveal whether they had been in contact with authorities, as a way for it to cover up any security issues related to AI development. Effect of the move as yet unknown It…
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Australia pushes for AI rules, focusing on oversight and accountability
Challenges for enterprises While AI regulations are widely acknowledged as necessary, their implementation can be challenging, pointed out Faisal Kawoosa, chief analyst at Techarc. For instance, human intervention, though crucial, cannot match the speed or efficiency of technology, creating two major hurdles. “First, the time required for human review can be substantial,” Kawoosa said. “Companies promote AI as a tool…
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