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California governor signs rules limiting AI actor clones
California governor Gavin Newsom has signed two bills that will protect performers from having their likeness simulated by AI digital replicas. The two SAG-AFTRA supported bills, AB 2602 and AB 1836, were passed by the California legislature in August and are part of a slate of state-level AI regulations. AB 2602 bars contract provisions that would let companies use a…
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Apple Must Pay Back €13 Billion in Unpaid Taxes to Ireland, E.U. Court Rules
Apple has been ordered to pay back €13 billion ($14.4 billion) worth of tax to Ireland by the European Court of Justice. Two of its subsidiaries illegally received tax benefits between 1991 and 2014, as these benefits were not available to other companies. Ireland issued tax rulings favouring Apple Sales International and Apple Operations Europe in 1991 and 2007, respectively.…
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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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OpenAI pledges support for AI watermarking rules
AI firms have backed a California bill that would require AI generated content to be watermarked, while a second bill focused on safety is less popular — but found support from Elon Musk. There are two of several dozen bills introduced in California — many of which have already been dropped — that would seek to regulate AI. The first…
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These New 401(k) Rules Make It Easier to Access Your Cash
The IRS has clarified a provision of the SECURE 2.0 Act passed in 2022, now expanding the use of tax-deferred retirement accounts as emergency funds. Previously, retirement savers with an “immediate and heavy” financial need could technically make an early withdrawal from their 401(k)s and traditional individual retirement accounts. However, that early withdrawal would be subject to income tax, and…
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