Tag: Consumer protection

Apple CEO, Tim Cook, considering integrating generative AI chatbox, ChatGPT in their business model. However, Cook has concerns about political bias, fake news, and regulation as companies take on AI. It's important for companies to remain vigilant and self-regulate until viable regulatory systems can be established.

Seed-stage startups face a 52% decrease in deals for Q1 2023, urging founders to reassess the value of their investors. Law firms warn that AI-enabled technology development may create legal issues, and federal and state law violation risks. In contrast, the Fed's new initiative, FedNow, will allow instant payments 24/7/365, paving the way for fintech companies' growth, while Japan's VC market hit a record high in 2022. Learn more about these trends and the strategies of investors active in Japan's startup ecosystem in this informative article.

Gartner identifies potential legal risks of using large language models like ChatGPT. Companies need to establish safeguards to avoid reputational and financial consequences.

Discover how AI is changing the game for antitrust laws, and why it's vital to have an experienced antitrust lawyer on your side. Learn more with Perkins Coie.

OpenAI, a company founded in 2015 with a mission to develop safe AI technology, testified before the U.S. Senate on Tuesday, calling for a new agency to regulate the use of powerful Artificial Intelligence (AI) systems. Led by tech billionaire Elon Musk and CEO Sam Altman, OpenAI has released multiple AI products like ChatGPT and DALL-E. Altman is concerned about the potential of AI technologies to cheat on homework, damage copyright, spread lies, and create job displacement. He is starting a world tour to discuss AI and its potential risks with policymakers. OpenAI could be the key to assisting government officials in developing laws specific to AI technology.