Content created by Artificial intelligence (AI) could soon be labeled as such, as a bill has been prepared in Congress for its regulation. Rep. Ritchie Torres (D-N.Y.) is planning to introduce a bill that will require any content produced by AI—whether it be text, image, or video—to have a disclaimer attached to it informing that…
Congress Bill Wants AI Content to Be Labeled
June 6, 2023
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AIartificial intelligenceBusiness & MarketsCompaniescongressEUMedia & Big TechPoliticsregulationTechUS
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America Is Losing the Crypto Space-Race, Interests Argue Over How to Regulate
The cryptocurrency world is rapidly evolving, with new developments emerging almost daily. However, America is in danger of falling behind its global competitors, according to Coinbase Chief Legal Officer Paul Grewal. During Thursday’s hearing of the House Subcommittee on Digital Assets, Financial Technology, and Inclusion, Grewal emphasized the importance of the crypto industry while accusing…
Biden Admin Proposes to Block Half of Current Gas Range Models
February 25, 2023
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Business & MarketsDepartment of Energyeconomic policiesExecutive Branchgas stovePolicies & ImpactsPoliticsregulationUSUS News
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A new regulation proposed by the Department of Energy (DOE) would block half of current gas stove models from the market, an analysis by the federal agency shows. In a proposed regulation published at the beginning of February, DOE set a maximum annual gas consumption of 1,204 thousand British thermal units (kBtu), also known as…
ChatGPT Co-Creator Says the World May Not Be ‘That Far Away From Potentially Scary’ AI
The co-creator of ChatGPT warned that the world may not be “that far away from potentially scary” artificial intelligence (AI). Sam Altman, the CEO of ChatGPT creator OpenAI, said in a series of tweets on Feb. 18 that it was “critical” for AI to be regulated in the future, until it can be better understood. He stated that…
Republican Senators Oppose New Environmental Regulation on Heavy-Duty Trucks
February 11, 2023
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Business & MarketsCompaniescongresseconomic policiesemissionsEPAPoliticsregulationRepublicanstrucksUS
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Thirty-four Republican senators have introduced a resolution to overturn a rule on cutting emissions for heavy-duty trucks. The rule was created by the Environmental Protection Agency (EPA) in December. The EPA’s rule forces heavy-duty truck makers to reduce their trucks’ emissions, and it is more stringent by 80 percent compared to current standards. Under the…
Regulation Nation
September 27, 2022
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administrative statebureaucracyKathy HochulLetitia JamesOpinionregulationseparation of powerstyrannyViewpoints
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Commentary It is clear to me that we have become a “Regulation Nation.” And we are governed by an “Administrative State.” What do I mean by that? I mean that we are being governed by regulations issued by administrative agencies, instead of being governed by laws duly passed by our elected officials. Why does that matter? Because agencies are…
White House Exploring Risks, Benefits of Central Bank Digital Currency
September 21, 2022
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Business & MarketsCBDCcentral bank digital currencycryptocurrencyeconomyMarketsprivacyregulationU.S. Federal ReserveUSUS News
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The Biden administration is “closely examining” the possibilities for issuing a central bank digital currency (CBDC) based on a technical report prepared by the White House Office of Science and Technology Policy (pdf), along with other reports. “If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost…
Space Regulation Needs to Keep Up with Ever Increasing Traffic
Experts from Australia’s Flinders University are calling for a step up in the regulation of space activities amidst the rapidly evolving commercial use of space and growing reports of space debris found in several places around the globe. In a recent report—titled Low Earth Orbit, Satellite Constellations and Regulation—governments are asked to pay closer attention…
Poke and Sniff: A Lesson From 1906
Commentary In 1906, Upton Sinclair came out with his book “The Jungle,” and it shocked the nation by documenting the horror of the meat-packing industry. People were being boiled in vats and sent to larders. Rat waste was mixed with meat. And so on. As a result, the Federal Meat Inspection Act passed Congress, and consumers…
Apple Has Turned Into Mobile Web’s ‘Most Significant Roadblock’: Telegram Founder Calls For Regulation
Apple, Inc. has been facing increasing regulatory scrutiny in several countries over its anti-competitive practices. Pavel Durov, cofounder of cloud-based instant messaging service Telegram, on Monday came down hard on Apple in a post on his public telegram channel. While stating that the Telegram Web application works great on mobile devices, the tech executive said it…
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