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The first-of-its-kind law is poised to reshape how firms and other organizations in Europe use AI for everything from health care decisions to policing. For Meta’s (META) AI chief, Yann LeCun, “the big question” about the new law is “should research and development in AI be regulated?”“There are clauses in the EU AI act and various other places that do regulate research and development. I don’t think it’s a good idea,” he told CNN’s Anna Stewart at the Paris event. LeCun, widely known as one of the “godfathers of AI,” disagrees with concerns that AI could soon surpass human intelligence. “We need to make sure that innovation continues to happen and that the innovation doesn’t just come outside Europe.
Persons: Yann LeCun, , CNN’s Anna Stewart, , Werner Vogels, Stewart, Vogels, “ Let’s Organizations: London CNN, Meta, CNN, EU, overregulating Locations: Paris, Europe, EU, underinvesting
FTX: Inside the crypto giant's downfall
  + stars: | 2022-11-18 | by ( Allison Morrow | ) edition.cnn.com   time to read: +9 min
Crypto contagionThe crypto industry is on edge, waiting for the next dominoes to fall. Soon after FTX went down, crypto firms were inundated requests from customers seeking to claw their money back — the crypto equivalent of a run on the bank. The pain isn’t confined to crypto companies. SBF had become a fixture in Washington, too, where he regularly traveled to lobby lawmakers for greater regulatory clarity for the crypto industry. “It’s about fraud and the power of virtue signaling.”He added: “This scandal, far from destroying crypto, practically ensures that crypto will be around for a long, long time.”
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