AI REGS & RISK: Insights into AI Regulations and Risks from the BIG SKY AI Roundtableon October 29, 2024 at 4:32 pm

By Greg Woolf, AI RegRisk Think Tank Navigating the Regulatory Maze of AI in Wealth Management The recent BIG SKY AI Conference brought together industry leaders and C-level executives from financial advisory, investment management, private equity, and technology firms to discuss the rapidly evolving landscape of AI in wealth management.  The conference showcased cutting-edge AI… Continue reading AI REGS & RISK: Insights into AI Regulations and Risks from the BIG SKY AI Roundtableon October 29, 2024 at 4:32 pm

AI REGS & RISK: More AI, More Poweron October 11, 2024 at 7:15 pm

By Greg Woolf, AI RegRisk Think Tank AI Soars Free of Regulations California Governor Gavin Newsom recently vetoed Senate Bill 1047, which aimed to provide guidelines for AI development. This hands-off approach is a win for innovation, but it has hidden costs—most notably, its environmental impact. As the pace of AI adoption continues to grow… Continue reading AI REGS & RISK: More AI, More Poweron October 11, 2024 at 7:15 pm

AI REGS & RISK: EU Blocks AI to the Detriment of Big Techon September 26, 2024 at 3:05 pm

By Greg Woolf, AI RegRisk Think Tank The European Union’s strict approach to artificial intelligence regulation is starting to shake up the tech world, affecting market access and possibly the bottom line of some major tech companies. While the EU’s AI Act aims to protect consumer rights and data privacy, it’s causing concerns for AI-forward… Continue reading AI REGS & RISK: EU Blocks AI to the Detriment of Big Techon September 26, 2024 at 3:05 pm

AI REGS & RISK: Super Safe Intelligence (SSI) Raises $1 Billion With a $5 Billion Supposed Valuationon September 12, 2024 at 6:01 am

By Greg Woolf, AI RegRisk Think Tank In the AI gold rush, it’s hard to ignore the staggering numbers behind Safe Super Intelligence (SSI), a company launched by OpenAI co-founder Ilya Sutskever. SSI has raised $1 billion at a jaw-dropping $5 billion valuation, but here’s the kicker—they don’t even have a product yet! Investors like… Continue reading AI REGS & RISK: Super Safe Intelligence (SSI) Raises $1 Billion With a $5 Billion Supposed Valuationon September 12, 2024 at 6:01 am

AI REGS & RISK: Controversial US Regulation of AI is Gaining Momentumon August 29, 2024 at 11:14 pm

By Greg Woolf, AI RegRisk Think Tank The controversy surrounding California’s SB 1047 and its attempt to regulate AI is gaining steam—from both supporters and detractors. This week, the bill, now titled the “Safe and Secure Innovation for Frontier Artificial Intelligence Models Act,” is poised for a critical vote in the California state assembly. The… Continue reading AI REGS & RISK: Controversial US Regulation of AI is Gaining Momentumon August 29, 2024 at 11:14 pm

AI REGS & RISK: Controversy Around California AI Regulations (SB 1047)on August 15, 2024 at 6:45 am

By Greg Woolf, AI RegRisk Think Tank California, often at the forefront of technological innovation, is now at the center of a heated debate over its proposed AI regulation (SB 1047). This bill seeks to impose safety checks and shutdown capabilities on AI models, and has sparked intense controversy. Supporters argue that it provides necessary… Continue reading AI REGS & RISK: Controversy Around California AI Regulations (SB 1047)on August 15, 2024 at 6:45 am

AI REGS & RISK: The Senate is Taking a Hard Look at OpenAIon July 31, 2024 at 9:46 pm

By Greg Woolf, AI RegRisk Think Tank With all the drama unfolding at OpenAI over the last year, the Senate is getting concerned that the company is not necessarily addressing society’s best interests in its race to win the AI market.  No more admiration and platitudes for OpenAI—some folks in government are taking a critical… Continue reading AI REGS & RISK: The Senate is Taking a Hard Look at OpenAIon July 31, 2024 at 9:46 pm

AI REGS & RISK: AI and Data Privacy – The Modern Challengeon July 18, 2024 at 6:10 am

By Greg Woolf, AI RegRisk Think Tank AI and Data Privacy is becoming a hot topic in the world of technology, finance and government. With the rapid advancements in artificial intelligence, there’s a growing concern that all customer data could essentially be considered private. This means we need to rethink how we secure data, especially… Continue reading AI REGS & RISK: AI and Data Privacy – The Modern Challengeon July 18, 2024 at 6:10 am

AI REGS & RISK: AI Unleashed – Moving Markets and other Unintended Consequenceson June 26, 2024 at 6:10 am

By Greg Woolf, AI RegRisk Think Tank Picture this: It’s the year 2030. A top wealth management firm rolls out an AI trading algorithm that promises to revolutionize the market. Inspired by the novel “The Fear Index” (and recent movie) by Robert Harris, this AI can predict market moves with eerie precision. But as the plot thickens, the… Continue reading AI REGS & RISK: AI Unleashed – Moving Markets and other Unintended Consequenceson June 26, 2024 at 6:10 am

AI REGS & RISK: Could AI Run Amok? Some People Are Starting to Think Soon June 13, 2024 at 6:02 am

By Greg Woolf, AI RegRisk Think Tank Remember how the internet was created as a wonderful tool to share information for the greater social good—connecting loved ones across the world, collaborating on drug discovery, creating a global village? Well, how long did it take for the internet to be used predominantly for videos of cats… Continue reading AI REGS & RISK: Could AI Run Amok? Some People Are Starting to Think Soon June 13, 2024 at 6:02 am

AI REGS & RISK: The Dark Side of AI, Part 2 – Open Foundation Models and Their Riskson May 30, 2024 at 4:29 pm

By Greg Woolf, AI RegRisk Think Tank Welcome back to the dark side of AI! In our last column, we discussed the high-level global risks posed by AI, showcasing the contrasting views of industry titans like Andrew Ng and Vinod Khosla. This week, we’re diving even deeper into the shadows, tackling a hot topic: do… Continue reading AI REGS & RISK: The Dark Side of AI, Part 2 – Open Foundation Models and Their Riskson May 30, 2024 at 4:29 pm

AI REGS & RISK: The Dark Side of AI, Part 1 – Global Risks and the Big Pictureon May 16, 2024 at 6:02 am

By Greg Woolf, AI RegRisk Think Tank On April 18, Meta opened the floodgates of concern by choosing to open-source Llama 3. This model rivals the power and performance of ChatGPT-4 and makes this technology freely available for use—and abuse—by anyone, from lone cybersecurity hackers to foreign nation-states like China seeking geopolitical and economic advantage.… Continue reading AI REGS & RISK: The Dark Side of AI, Part 1 – Global Risks and the Big Pictureon May 16, 2024 at 6:02 am

AI REGS & RISK: Industry-wide Insights on AIon May 1, 2024 at 6:50 am

By Greg Woolf, AI RegRisk Think Tank We recently moderated a roundtable at an AI for Executives conference focused on executive-level implications of AI adoption, which attracted over 3,000 enthusiasts eager to explore AI’s potential for business. Instead of the usual lecture format, the organizers recommended a roundtable event to engage a community of various… Continue reading AI REGS & RISK: Industry-wide Insights on AIon May 1, 2024 at 6:50 am

AI REGS & RISK: Innovation at a Crossroads – Can Regulators Keep Pace with JPMorgan’s AI Leap?on April 18, 2024 at 11:33 pm

By Greg Woolf, AI RegRisk Think Tank All eyes are on the financial horizon where AI looms large, promising a revolution that’s got everyone from JPMorgan to the U.S. Government buzzing about this transformative wave. As Jamie Dimon leads JPMorgan headlong into this AI revolution, he’s sparking serious excitement – and a fair bit of… Continue reading AI REGS & RISK: Innovation at a Crossroads – Can Regulators Keep Pace with JPMorgan’s AI Leap?on April 18, 2024 at 11:33 pm

AI REGS & RISK: Riding the AI Wave – Out of the Lab And Into Mainstreamon April 4, 2024 at 9:50 pm

By Greg Woolf, AI RegRisk Think Tank Remember when your iPhone was just for calls and texts? Fast forward to today, and it’s your pocket-sized portal to the world. Now, imagine a shift just as groundbreaking, but in the world of finance, thanks to AI. That’s right, AI has officially hit the mainstream. And once… Continue reading AI REGS & RISK: Riding the AI Wave – Out of the Lab And Into Mainstreamon April 4, 2024 at 9:50 pm