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Bank Info Security 3 months, 4 weeks ago

White House AI Policy Blueprint Leaves Key Risks Unresolved

Federal Proposal Pushes AI Adoption While Avoiding Regulatory DetailThe White House AI framework urges rapid deployment and federal alignment to counter China while proposing guardrails on fraud, safety and speech - but leaves unresolved conflicts on IP, content regulation and state preemption that Congress must navigate.

Also: Bringing AML and Fraud Programs Together; the Global AI Arms RaceIn this week's update, ISMG editors discussed a U.K. proposal to mandate ransomware payment reporting, tackling financial crime by bringing together fraud and AML teams, and the global AI arms race as countries compete to lead innovation while balancing regulation and ethics.