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California Governor Gavin Newsom vetoed California's bill at the end of September but signed into law another bill which requires transparency in generative AI systems. "A lot of the privacy risks associated with AI can be tackled through a comprehensive data privacy regime," she said. The U.S. has historically approached data privacy with decentralized, state-by-state legislation, which is where AI regulation is currently headed. Regarding Colorado's successful AI bill, Maroney wrote on Facebook, "It is unfortunate that Connecticut chose not to join Colorado as a leader in this space. Even a model approach, if done wrong, could pose a major risk to the U.S. "Everybody's looking at California, especially when it comes to tech," Elgendy said.
Persons: Scott Weiner, Wiener, Gavin Newsom, California's, Tatiana Rice, Jonas Jacobi, Mohamed Elgendy, Elgendy, Rice, Robert Rodriguez, James Maroney, Maroney Organizations: Conference, AI Alliance, Washington D.C, U.S ., European Union AI, Privacy, Data, American, White, Office of Science, Technology, Democratic, Colorado Senate, Democratic Connecticut State, Facebook, Colorado Locations: California, San Francisco, Washington, Puerto Rico, U.S, U.S . Virgin Islands, Colorado, Silicon, Connecticut
Last summer, a couple was flying home when their connecting Lufthansa flight in Germany was canceled. In August, they were flying home from Singapore on United Airlines when their Lufthansa Airlines connection between Germany and New Jersey was canceled, Giantisco told Business Insider. Advertisement"More than anything, we need the money we spent trying to get home at the last minute and being stuck in Munich," Giantisco said. They flew from Munich to London on a Lufthansa flight and from London to New Jersey on United. That became a challenge when they discovered their original flight information had been removed from their United flight history.
Persons: haven't, , Emma Giantisco, Dylan Marton, Giantisco, Marton, Marton hasn't, they'd, that's, Dylan Marton United, I've Organizations: Lufthansa, Service, United Airlines, Lufthansa Airlines, Business, New Jersey ., BI, Lufthansa rebooking, United, European Union, Star Alliance Locations: Germany, Singapore, New Jersey, Munich, Giantisco, Southeast Asia, Lambertville , New Jersey, Newark, Frankfurt, London, Marton
Read previewUkraine's military chief, Valerii Zaluzhnyi, said that the country must prepare for a decline in Western support in its war against Russia and instead win using unmanned vehicles and other technologies. While Russia has the advantage when it comes to brute force, Ukraine has often countered attacks using advanced and, at times, improvized tech solutions. He said that Ukraine must place its military on a new footing if it is to defeat Russia. Advertisement"Perhaps the number one priority here is mastery of an entire arsenal of (relatively) cheap, modern and highly effective, unmanned vehicles and other technological means," he said. He noted that Western support and supplies of key weapons from the West are running low.
Persons: , Valerii Zaluzhnyi, Zaluzhnyi, Volodymyr Zelenskyy Organizations: Service, CNN, Business, Union, Technology, The New York Times Locations: Russia, Ukraine
Polish PM Says There Is No 'Plan B' on EU Aid for Ukraine
  + stars: | 2024-02-01 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +1 min
(Reuters) - Polish Prime Minister Donald Tusk said on Thursday there was no "Plan B" on European Union aid for Ukraine and Hungarian Prime Minister Viktor Orban who is stalling it must decide if Hungary is "part of our community". "We need to play hard and play fair, but there is no room for compromise. Orban is the only one of the 27 to have voiced disapproval of an EU aid package and to request a yearly vote on the long-term aid. Thursday summit's is seen as a last opportunity to reach agreement on a four-year plan for 50 billion euros ($53.93 billion) of economic aid for Ukraine, which has been fighting a Russian invasion since 2022. The Latest Photos From Ukraine View All 91 Images($1 = 0.9272 euros)(Reporting by Justyna Pawlak; Writing by Anna Wlodarczak-Semczuk; Editing by Ros Russell)
Persons: Donald Tusk, Viktor Orban, Tusk, Orban, Justyna Pawlak, Anna Wlodarczak, Ros Russell Organizations: Reuters, Polish, Union, EU Locations: Ukraine, Hungarian, Hungary, Russian, Moscow
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUkraine is running low on ammunition for its US-supplied Howitzer guns as it battles to fend off Russian attacks, CNN reported. AdvertisementRussia has reportedly increased its production of shells to around two million a year, according to Ukrainian military intelligence. Despite being far wealthier, Ukraine's European allies have not yet met their target of providing Ukraine with one million shells. AdvertisementA Ukrainian soldier told CNN that Ukraine was being outgunned, and Russia also had Soviet-era ammunition reserves to draw on.
Persons: Organizations: Service, CNN, Business, 93rd Mechanized Brigade, US, Union Locations: Ukraine, Bakhmut, Ukrainian, Russia, North Korea, Hungary, Soviet
"War crimes are war crimes even when committed by allies, and should be called out for what they are." War crimes are war crimes even when committed by allies, and should be called out for what they are. Israel's ambassador to Portugal, Dor Shapira, announced Monday that his country would no longer participate in the Web Summit conference as a result of Cosgrave's "outrageous statements." AdvertisementAdvertisement"We are saddened to hear that some Israelis in the tech community will no longer be attending Web Summit," a spokesperson said. "To repeat: War crimes are war crimes even when committed by allies & should be called out for what they are," Cosgrave wrote.
Persons: Israel, , Paddy Cosgrave, I'm, Cosgrave, I’m, — Paddy Cosgrave, Dor Shapira, Shapira, Garry Tan, Y, Goshen, Ravi Gupta, Keith Peiris, Tome, Adam Singolda, David Marcus Organizations: Tech, Service, Web, AI21 Labs, Sequoia, PayPal, Web Summit, Hamas Locations: Europe, Israel, Irish, Lisbon, @paddycosgrave, Portugal, Goshen, Gaza, Palestinian
A parking bay reserved for electric car charging can be seen on display in London, Britain, October 19, 2018. Batteries are expensive and account for around 40% of an EV's price tag, a cost that has so far made them unaffordable for many consumers. But those prices are steadily coming down as carmakers invest in new battery chemistries, materials and software to make more efficient EVs, RMI senior principal Kingsmill Bond told Reuters. EV sales in the European Union jumped almost 61% in July versus the same month in 2022, accounting for 13.6% of all car sales. The European Union aims to ban the sale of new fossil-fuel models from 2035.
Persons: Simon Dawson, Kingsmill Bond, RMI's Bond, Nick Carey, Christina Fincher Organizations: REUTERS, Rocky Mountain Institute, RMI, European Union, Union, United, Reuters, Research, Exeter University's, Energy Innovation, Thomson Locations: London, Britain, Europe, U.S, China, United States, California, New York, Exeter, India
Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File PhotoTOKYO, Aug 11 (Reuters) - Japan plans to create tax breaks for domestically-made electric vehicle (EV) batteries and semiconductors from April 2024 to enhance economic security, the Nikkei newspaper reported on Friday. For the government's fiscal 2024 tax code revision, the Ministry of Economy, Trade and Industry will propose the tax cuts for companies manufacturing strategically crucial items in Japan, Nikkei said. The ministry will draft the specifics including applicable items by end of this year, the report said. To secure supply chains for strategic goods, Japan has also unveiled billion-dollar subsidies for chipmakers such as Taiwan Semiconductor Manufacturing (2330.TW) and Micron Technology (MU.O) to build plants in Japan, and enacted the Economic Security Promotion Act last year.
Persons: Florence Lo, Akin, Kantaro Komiya, Kim Coghill Organizations: REUTERS, Nikkei, European Union, Ministry, Economy, Trade, Industry, U.S, Taiwan Semiconductor Manufacturing, Micron Technology, Economic, Thomson Locations: Japan, United States, China
Factbox: Governments' efforts to regulate AI tools
  + stars: | 2023-04-12 | by ( ) www.reuters.com   time to read: +3 min
April 12 (Reuters) - Italy's data protection agency said on Wednesday it would lift its temporary ban on OpenAI's ChatGPT artificial intelligence (AI) technology if the U.S. company complied with data protection and privacy demands by end-April. Rapid advances in AI such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree on laws governing the use of the technology. Lawmakers have proposed classifying different AI tools according to their perceived level of risk, from low to unacceptable. On Wednesday, its data protection agency set an end-April deadline for OpenAI to meet its demands on data protection and privacy before the service can be resumed in the country. SPAINSpain's data protection agency has asked the EU's privacy watchdog to evaluate privacy concerns surrounding ChatGPT, the agency told Reuters on April 11.
Explainer: What is the European Union AI Act?
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +3 min
Apart from uses of AI by companies, it will also look at AI used in public sector and law enforcement. A GPAIS (General Purpose AI System) is a category proposed by lawmakers to account for AI tools with more than one application, such as generative AI models like ChatGPT. The proposals say those found in breach of the AI Act face fines of up to 30 million euros or 6% of global profits, whichever is higher. WHEN WILL THE AI ACT COME INTO FORCE? The Act is being discussed by parliamentarians, and after they reach common ground, there will be a trilogue between representatives of the European Parliament, the Council of the European Union and the European Commission.
Factbox: Chipmakers' plans for factories in Europe, US and Asia
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +1 min
[1/3] The logo of semiconductor manufacturer Infineon is seen in Villach, Austria, June 3, 2018. The European Commission has earmarked 15 billion euros for public and private semiconductor projects by 2030, while U.S. President Joe Biden's administration passed the CHIPS Act last year to make over $52-billion worth of subsidies available for the American semiconductor industry. The Act deters companies using U.S. funds from undertaking any big expansions of overseas semiconductor manufacturing facilities in "countries of concern" such as China for 10 years, with some exceptions. India, Taiwan and South Korea have also offered incentives such as tax breaks to boost domestic chip production. Below are some of the chipmakers' plans for factories in Europe, North America and Asia:NORTH AMERICAEUROPEASIAReporting by Antonis Pothitos in Gdansk, Tiyashi Datta, Chavi Mehta and Aditya Soni in Bengaluru; editing by Josephine Mason, Mark Potter and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
ROME, March 9 (Reuters) - Israeli Prime Minister Benjamin Netanyahu wants to boost economic ties with Italy, he said ahead of a visit to the country, raising the prospect of supplying Rome with natural gas. "I would like to see more economic cooperation (between Israel and Italy) ... In June last year, Israel and Egypt signed a deal with the European Union aimed at boosting natural gas exports to Europe. He also told la Repubblica he would ask Italian Prime Minister Giorgia Meloni to recognise Jerusalem as the capital of Israel. Israel claims Jerusalem as its capital but it is not recognised as such by most countries and its status under international law is disputed pending a resolution to the Israeli-Palestinian conflict.
Factbox: Company reaction to the U.S. Inflation Reduction Act
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Fabian Bimmer/File PhotoFeb 22 (Reuters) - Companies across North America and Europe have in recent months cheered the Biden Administration's $430 billion U.S. Inflation Reduction Act (IRA) that includes major provisions to cut carbon emission, boost domestic production and manufacturing. Holcim AG (HOLN.S)The world's biggest cement maker expects the IRA to provide a strong momentum for its business in North America. This month, it agreed to buy U.S. roofing systems manufacturer Duro-Last in a $1.29 billion deal, its latest move to bolster presence in North America. Linde (LIN.N),The gas giant has estimated the total investment opportunity for the company in the United States alone could exceed $30 billion over the next decade. BMW (BMWG.DE)The company plans to produce at least six fully electric models in its plant in South Carolina by 2030.
MUNICH, Feb 18 (Reuters) - The European Union aims to join forces with the bloc's defence industry to speed up and scale up the production of ammunition badly needed on the battlefield in Ukraine and to replenish military stocks at home, its chief said on Saturday. "We could think of, for example, advanced purchase agreements that give the defence industry the possibility to invest in production lines now to be faster and to increase the amount they can deliver," she said. Von der Leyen underlined that the bloc could not wait for months and years to be able to replenish its own military stocks or send munitions such as 155mm artillery shells to Ukraine. "It is now the time, really, to speed up the production, and to scale up the production of standardized products that Ukraine needs desperately, for example standardized ammunition," she said. Reporting by Sabine Siebold; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.
Ukraine’s Nestlé boost is as important as EU aid
  + stars: | 2022-12-13 | by ( ) www.reuters.com   time to read: +2 min
Consumer group Nestlé (NESN.S) on Monday announced a small war-time investment in Ukraine which may be as important for the country’s future as an 18 billion euro European Union aid package agreed on the same day. Nestlé will invest 40 million Swiss francs (41 million euros) in a new facility that will help to produce cold sauces, seasonings, soups and instant food. The Swiss consumer group, which already has 5,800 employees in the country, will add 1,500 new jobs in the process. Meanwhile the EU struck a deal with holdout Hungary that will allow it to disburse aid to Ukraine next year. While still at war with Russia, Ukraine needs Western aid to help the government pay its teachers, doctors and soldiers, and start rebuilding railroads and power plants.
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Companies Enel SpA FollowNEW YORK, Dec 1 (Reuters) - The U.S. Inflation Reduction Act is more efficient than European Union aid to support domestic production of energy sector components, the CEO of Europe's biggest utility Enel (ENEI.MI) said in an interview during the Reuters Next conference. The United States approved a $430-billion new green energy subsidy package in the summer labelled Inflation Reduction Act that offers tax breaks for components used in renewable energy technologies on condition they are made in North America. Starace called "problematic" the global dependence on Chinese solar materials, and confirmed Enel would ramp up its solar panel manufacturing capacity in Europe and in the United States with two plants. Europeans will eventually find an agreement on how to reduce the volatility of gas prices, the CEO of Enel said. To view the Reuters NEXT conference live on Nov. 30 and Dec. 1, please click [https://www.reuters.com/world/reuters-next/]Reporting by David Gaffen; writing by Francesca Landini Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
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