The integration of AI in the financial sector presents significant regulatory challenges and risks, necessitating international cooperation and robust frameworks to ensure compliance, data quality, and responsible innovation across various jurisdictions.
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The OECD has introduced a set of AI Principles and a Governance Framework aimed at ensuring the responsible development and deployment of AI technologies, emphasizing alignment with legal standards, human rights, and societal values while promoting international cooperation among member states.
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The OECD emphasizes the need for proactive governance and standardized reporting frameworks for AI systems to enhance transparency, ensure compliance with legal and societal values, and promote international cooperation among over 40 countries.
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Recent actions by US federal agencies, including the FTC and DOJ, emphasize enhanced enforcement of AI-related regulations, cross-border data transfer restrictions, and the establishment of new governance frameworks to address national security and privacy concerns.
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The DSIT Fellowship program invites AI and digital inclusion experts to collaborate with UK government initiatives, focusing on policy development, data protection, and the sociotechnical implications of AI technologies.
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Recent cases highlight the severe repercussions for attorneys, including fines and sanctions, due to reliance on AI-generated content without proper verification, emphasizing the need for adherence to ethical standards and thorough review in legal work.
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The United States Copyright Office is examining the implications of generative AI on copyright law, emphasizing the necessity of human authorship for copyright eligibility and proposing new protections against unauthorized use of likeness and voice.
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The UK’s Copyright Licensing Agency is set to introduce a pioneering Generative AI Training Licence in Q3 2025, aimed at balancing the interests of content creators and AI developers while ensuring fair remuneration and copyright protection for the use of copyrighted works in training large language models.
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Three legislative bills in California, focusing on deepfakes, human oversight in critical infrastructure, and personal data protection, are currently under review in the state Senate, with potential implications for AI governance and citizen rights.
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Ziff Davis has filed a lawsuit against OpenAI in the District of Delaware, alleging multiple violations including copyright infringement, breaches of the DMCA, and unjust enrichment, claiming that OpenAI unlawfully used its content to train AI systems without permission.
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Garfield Law Ltd, also known as Garfield AI, has received authorization from the Solicitors Regulation Authority to operate exclusively using artificial intelligence for regulated legal services, marking a significant advancement in the legal sector, particularly for small claims and SMEs.
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World, co-founded by OpenAI CEO Sam Altman, has launched biometric iris scanning retail locations in the US to enhance identity verification and combat fraud, while facing regulatory scrutiny over privacy concerns in multiple jurisdictions.
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