Wall Street banks are spending billions to research AI and patent tools while regulations and public safeguards are lagging. California's proposed rules for automated decision-making and other privacy protections are a step in the right direction.
State agencies must follow a new set of rules when signing contracts that deal with generative AI, but don’t address harmful forms of AI used in the past
The multi-year process started in late 2021 took the next step toward regulating business use of AI in California. The rules are expected to be influential given the number of AI companies in the state.
A state tax agency wants to use generative AI to give business owners tax advice. The state of California calls it an opportunity. Risk assessments are forthcoming.