RegulationFederal Reserve Regional Chief Warns AI Investments Pose Systemic RisksJeff Schmid, president of the Federal Reserve Bank of Kansas City, said recent AI investment volumes and financial links among firms have grown large enough to warrant macroprudential attention.3 min read
RegulationChina launches cross-border tax probes into wealthy citizens' overseas assetsChina has begun a broad international tax enforcement campaign targeting wealthy citizens' overseas assets and investments, with audits reaching back to around 2000 and new rules tightening offshore wealth structures.3 min read
RegulationU.S. Appeals Court: AI Agent Acting for a User Is the User, Not an Unauthorized IntruderA three-judge panel of the U.S.3 min read
RegulationFrontier AI access narrows as open-weight models multiplyGovernments and companies are increasingly restricting access to the most advanced AI models while an expanding set of open-weight models challenges the dominance of closed ‘‘frontier’’ systems.6 min read
RegulationOpenAI to Pay $3.2 Million to Settle DOJ Allegations over Preferential Hiring of Visa HoldersOpenAI agreed to a $3.2 million settlement with the U.S.3 min read
RegulationEU Enforcement Powers for AI Take Effect, Allowing Market Bans and Fines for Frontier ModelsOn August 2, the enforcement provisions of the EU AI Act came into force, giving the European Commission authority to intervene pre-market on high‑risk and general‑purpose AI models.2 min read
RegulationApple Seeks Temporary Restraints Against OpenAI and Two Former Employees Over Alleged Trade Secret MisuseApple asked a U.S.2 min read
RegulationUK watchdog monitors OpenAI and Anthropic cyber incidents as legal options consideredThe UK Information Commissioner's Office (ICO) says it is maintaining close supervisory contact with OpenAI and Anthropic after recent cyber incidents involving their AI models.2 min read
RegulationLeading AI Researchers and Staff Urge US Backing for Effort to Slow Frontier AI DevelopmentAbout 1,337 AI researchers and employees from major Western labs have issued a joint statement asking the US government to support an international initiative to develop technical and governance tools to deliberately pace automated AI development.3 min read
RegulationEU launches AI 'gigafactory' program and activates enforcement powers for high‑risk modelsThe European Commission has opened a competition to back seven large AI data centers with over €30 billion of combined public and private funding, while from August 2 it can enforce the EU AI Act against providers of the most powerful models.5 min read
RegulationDebate over open-weight models and the pace of advanced AI developmentSeveral recent open letters from companies and AI researchers present conflicting views on the risks and benefits of open-weight models and on whether to slow down automated frontier AI development.4 min read
