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Australia to regulate digital payments like Apple Pay under new legislation

Today, Australia’s government announced it would bring Apple Pay, Google Pay, and other digital payment services into a new regulatory legislation alongside credit cards and other payments, Reuters reported.This new legislation is set to be introduced to parliament this week and will put Apple Pay, Google Pay, and other popular digital wallets into Australian payment laws. The publication says this law will empower the Reserve Bank of Australia to regulate payments so that it applies to new and emerging…

“Please regulate AI:” Artists push for U.S. copyright reforms but tech industry says not so fast – The Denver Post

By MATT O’BRIEN, AP Technology Writer Country singers, romance novelists, video game artists and voice actors are appealing to the U.S. government for relief — as soon as possible — from the threat that artificial intelligence poses to their livelihoods. “Please regulate AI. I’m scared,” wrote a podcaster concerned about his voice being replicated by AI in one of thousands of letters recently submitted to the U.S. Copyright Office. Technology companies, by contrast, are largely happy with the status quo that has enabled…

India seeks to regulate deepfakes amid ethical concerns

India is drafting rules to detect and limit the spread of deepfake content and other harmful AI media, a senior lawmaker said Thursday, following reports of proliferation of such content on social media platforms in recent weeks. Ashwini Vaishnaw, India’s IT Minister, said the ministry held meetings with all large social media companies, industry body Nasscom and academics earlier in the day and has reached a consensus that a regulation is needed to better combat spread of deepfake videos as well as apps that…

UK won’t regulate AI anytime soon, minister says

The UK doesn’t plan on introducing AI regulation anytime soon — in contrast to the EU’s and China’s strict legislation efforts. During a Financial Times conference on Thursday, the country’s first minister for AI and intellectual property, Viscount Jonathan Camrose, confirmed government concerns over regulation curbing growth and said that a UK law on artificial intelligence won’t be coming “in the short term.” While he refrained from critising other nations’ approaches, he noted that “there…

Senators Call for a New Agency to Regulate Big Tech

Big Tech companies are facing possible federal regulations from Congress after two senators released a proposal on Thursday to sue or force platforms to stop operating if they violate consumer privacy and spread harmful content online. Sen. Elizabeth Warren (D-Massachusetts) and Sen. Lindsey Graham (R-South Carolina) came together in a bipartisan act to file the Digital Consumer Protection Commission Act in an attempt to keep artificial intelligence and platforms like Amazon, Google, Meta, TikTok, and Twitter, in check.Is…

nasscom: Tech companies say no to more laws, statutory body to regulate AI

The technology industry has strongly opposed the creation of more laws or a statutory authority to regulate artificial intelligence (AI) in the country. It has argued that “a disjointed and disproportionate” regulatory intervention can “impede the growth of the evolving AI ecosystem in India” and cause avoidable uncertainty.This comes after the Telecom Regulatory Authority of India (TRAI) released a 138-page report with recommendation on 'Leveraging Artificial Intelligence and Big Data in Telecommunication Sector' on…

Negotiators Just Missed a Deadline to Regulate Deep-Sea Mining

This month, a small group of diplomats is meeting to hash out a plan that could affect the future of nearly half of Earth’s surface—including regions containing metals that are vital for the energy transition, like nickel, copper, cobalt, and manganese.Why is Everyone Suing AI Companies? | Future TechThat group is the International Seabed Authority, or ISA, an autonomous international organization tasked with regulating mining on the ocean floor, in waters outside any nation’s jurisdiction. On July 9, the regulatory body…

The EU Urges the US to Join the Fight to Regulate AI

The world's most valuable and dominant internet companies are based in the US, but the nation’s unproductive lawmakers and business-friendly courts have effectively outsourced the regulation of tech giants to the EU. That has given tremendous power to Didier Reynders, the European commissioner for justice, who is in charge of crafting and enforcing laws that apply across the 27-nation bloc. After nearly four years on the job, he’s tired of hearing big talk from the US with little action.Ahead of his latest round of…

chandrasekhar: States authorised to regulate gambling, not online gaming: MoS IT Rajeev Chandrasekhar

States cannot regulate online gaming, Minister of State for Electronics & Information Technology Rajeev Chandrasekhar reiterated on Friday.The Minister, who was speaking on the sidelines of the inauguration of the 6 MV Medical Linear Accelerator (LINAC) System, developed and deployed by Sameer (Society for Applied Microwave Electronics Engineering & Research) in Chennai, said States were authorised to regulate gambling but not online gaming."I know Tamil Nadu has come up with a law but it makes no sense to me that…