Regulation stories - Page 32

Businesses must assess cloud network readiness and connectivity requirements before deploying Generative AI, or face major security and operational risks.

A new report by IFX Payments reveals that 78% of UK SMEs are set to expand globally despite facing challenges from ring-fencing regulations and Brexit.

Global spend on Anti-Money Laundering systems by non-financial entities is set to soar 170%, reaching $6.3 billion by 2028, driven by stricter regulations.

Consumers are struggling to identify AI-generated images and are calling for stricter regulations, according to a new study.

The third reading of the UK AI bill took place in the House of Lords amid questions over its readiness following the EU AI Act's passing and with the AI Safety Summit on the horizon.

UK tech industry association, TechWorks, launches new venture at Bletchley Park, TechWorks AI, aimed at governing the challenges and prospects of AI technology.

Global open banking leader, Ozone API, has formed a strategic partnership with Thistle Initiatives to help financial institutions achieve compliance with the forthcoming Third Payment Services Directive (PSD3).

Australian healthcare provider Calvary partners with Irish firm MEG to enhance regulatory compliance and quality care through a digital auditing tool, marking an innovative step towards standardisation.

New Elastic study reveals nearly all (99%) UK IT decision makers believe generative AI can drive significant organisational change, despite concerns around privacy, security and regulation.

LG Magna e-Powertrain achieves global certification for its Cyber Security Management System, cementing compliance with impending UNECE WP.29 car cybersecurity regulations.

Despite 82% of businesses aggressively investing in AI, half remain unsure about its real business impact and integration roadmap, according to a report by Orgvue.

The EU Parliament has passed the AI Act, a first-of-its-kind legislation categorising AI solutions based on risk, with some potentially facing prohibition due to system threats.

The 2024 Payments Innovation Jury report notes damaging effects of major cryptocurrency failures on global market confidence.

Evolving AI Act positions EU at the helm of a comprehensive framework, pioneering guidelines for worldwide AI development, setting the pace for innovation.

Fintech leaders urge UK regulators to impose stricter AI laws to foster confidence and responsible usage in financial services.

Data Privacy Day: Zoho stresses the vital need for businesses to educate themselves, increase transparency and bolster data privacy practices as AI use intensifies.

EU Chief Ursula von der Leyen urges Europe to increase AI adoption for competitiveness at the World Economic Forum.

43% of UK businesses call for increased government investment in the artificial intelligence sector, reveals Zoho survey.

Rising GenAI use in telecoms sector prompts cyber resilience concerns, necessitating revised data strategies, warns EY report.

Next year will mark significant progress in artificial intelligence, data control and ethics, according to new predictions.