Category: Newsletters and Blogs

By Greg Woolf, AI RegRisk Think Tank The evolving US–China trade war is not merely a dispute over tariffs and geopolitics—it is also steering both nations toward an isolationist development strategy in artificial intelligence. As tensions escalate, each nation retreats into self-sufficient silos, a move that is especially dangerous at a critical juncture when China… Continue reading AI REGS & RISKS: The Impact of a Trade War with China on AIon April 10, 2025 at 5:56 am

By Greg Woolf, AI RegRisk Think Tank Remembering the Failed SB-1047 You may remember the rise and fall of California’s Senate Bill SB-1047 last year, an initial attempt to regulate AI in response to the rapid advancement of foundational large language models that underpin Generative AI. CA holds significant impact over the AI industry, since… Continue reading AI REGS & RISKS: California AI Regulations Are Back – And They Might Surviveon March 27, 2025 at 5:45 am

By Greg Woolf, AI RegRisk Think Tank The current urgency to surpass China in the ongoing AI arms race has shifted regulatory conversations to the back burner. In the push to lead in technological advancement, formal governance of AI has taken a back seat to rapid progress. In the absence of centralized governmental oversight, industry-led… Continue reading AI REGS & RISKS: Self-Regulating AIon March 13, 2025 at 5:50 am

By Greg Woolf, AI RegRisk Think Tank Everyone wants to know how AI is being used in the real world—across industries and job roles. Understanding its applications provides us with two key perspectives: first, it reveals where to start deploying AI today so we don’t fall behind; and second, it helps identify which job roles… Continue reading AI REGS & RISKS: How AI Is Impacting Jobson February 27, 2025 at 5:59 am

By Greg Woolf, AI RegRisk Think Tank As artificial intelligence charges toward human-level capabilities—from online agents and co-workers to sophisticated autonomous decision-makers—its potential to alter jobs, wealth, and societal norms grows more compelling daily. Below, we examine the key economic impacts and why outcome-centric governance is quickly becoming a necessity. Surpassing Narrow AI: The Promise… Continue reading AI REGS & RISKS: Has China Usurped the U.S. as Global AI Leader?on February 13, 2025 at 5:50 am

By Greg Woolf, AI RegRisk Think Tank China is not just catching up in AI—it may already be ahead. The rapid rise of DeepSeek, a Chinese AI firm that seemingly came out of nowhere, has shaken the foundations of the global AI landscape. By offering AI models that are both high-performing and cost-effective, DeepSeek has… Continue reading AI REGS & RISKS: Has China Usurped the U.S. as Global AI Leader?on January 30, 2025 at 5:45 am

It’s official: we’re in the midst of a global scramble for AI supremacy, and the battle lines are drawn on an unlikely front—tiny silicon chips that pack a massive punch. Everyone’s talking about generative models and AI agents for work automation, and adding intelligence to every consumer device or product imaginable!  But none of that… Continue reading AI REGS & RISKS: The AI Chip Warson January 16, 2025 at 5:49 am

Everyone’s talking about super-charged “AI Agents” that will independently manage entire operations with huge gains in efficiencies. By the end of 2025, these digital sidekicks could be handling the lion’s share of front and back-office grunt work: identifying new clients, analyzing portfolios, filling out compliance forms while we stand back, sip our coffee, and watch… Continue reading AI Regs & Risks #18: AI Agents in 2025: Delivering Efficiencies, But Who’s in Charge?on December 19, 2024 at 5:24 am

The incoming Trump administration’s approach to artificial intelligence governance is shaping up to be as bold and polarizing as you’d expect. At the center of it all is the rumored appointment of an AI czar, a role designed to steer the nation’s AI policy during what many see as a defining moment for the technology.… Continue reading AI REGS & RISK: The Upcoming Trump Effect on AIon December 5, 2024 at 5:49 am

In the rapidly evolving landscape of AI, the influence of large language models (LLMs) goes far beyond generating conversational responses. These models are increasingly engineered to be agreeable, responding in ways that make interactions feel engaging and even flattering. But this “ingratiating AI” has its pitfalls. As AI chatbots cozy up to their users, they… Continue reading AI REGS & RISK: Is AI Trying to Shmooze Us?on November 14, 2024 at 5:53 am

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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