CFTC Integrates AI to Enhance Market Integrity and Compliance

The Commodity Futures Trading Commission (CFTC) is implementing artificial intelligence to improve risk monitoring and compliance while emphasizing adherence to existing regulations in a technology-neutral manner, as outlined in its recent Staff Advisory and ongoing discussions within its Technology Advisory Committee.

Photobucket Faces Class Action Lawsuit Over Biometric Data Sale to AI Companies

Photobucket Inc is being sued in the US District Court for the District of Colorado for allegedly violating privacy and intellectual property laws by selling images and biometric data from dormant accounts to generative AI companies without user consent, involving over 100 million users and raising significant legal questions regarding informed consent and the use of personal data.

Congress Introduces Comprehensive AI Regulatory Measures in 2024

In 2024, the U.S. Congress proposed a series of bills aimed at regulating artificial intelligence, addressing national security, workforce development, consumer protection, and ethical standards, including the AI Accord Act, the AI Ads Act, and the Artificial Intelligence Civil Rights Act.