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☆ Meet the New IRS, Same as the Old IRS
▼ + stars: | 2023-08-18 | by ( J.D. Vance | ) www.wsj.com time to read: 1 min

IRS Commissioner Daniel Werfel speaks at an event in McLean, Va., Aug. 2. Photo: Alex Wong/Getty ImagesThe Internal Revenue Service recently tried to reinvent itself. Earlier this year, outfitted with an additional $80 billion and 87,000 new agents, the agency unveiled a new set of priorities for the next eight years. Its Strategic Operating Plan promises to “deliver transformational change for taxpayers” while improving services and quickly resolving enforcement issues. That may sound too good to be true—because it is.

Persons: Daniel Werfel, Alex Wong Organizations: Internal Revenue Service, ” Locations: McLean , Va

HONG KONG, Aug 3 (Reuters Breakingviews) - South Korea’s dealmaking skeletons are back to haunt. Paul Singer's Elliott opposed a $9 billion union eight years ago of Samsung C&T (028260.KS) and Chiel Industries. South Korea’s successful prosecution of Lee, Park and a former minister that oversaw NPS, provided cause for Elliott to demand payback. Elliott sued in 2018 and the Permanent Court of Arbitration in the Hague in June awarded the U.S. fund over $100 million. Far from being the end of it though, President Yoon Suk Yeol’s government is contesting that award in a British arbitration court.

Persons: Samsung's Lee, Paul Singer's Elliott, Elliott, Jay Y, Lee, Park Geun, Yoon Suk, Hague, Yoon, Taiwan's TSMC, Una Galani, Thomas Shum Organizations: Reuters, Korea Inc, Samsung, Chiel Industries, National Pension Service, NPS, U.S ., Korea, Trade, Global, Samsung Electronics, Apple, Tokyo, Korea's Ministry, Justice, Elliott Investment, Thomson Locations: HONG KONG, U.S, Hague, Seoul, Korea, China, Beijing, Washington, Taiwan, Japan, South Korea, United States

☆ China's sprawling spy agencies are designed to root out the 'five poisons' at home and abroad, British intelligence says
▼ + stars: | 2023-08-03 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Yin Gang/Xinhua via Getty) (Xinhua/Xinhua via Getty ImagesIn a recent report to parliament, the British intelligence services detailed the operations and goals of the Chinese intelligence services. The Chinese intelligence services are also collecting information on the Chinese democracy movement at home and abroad — including in the US — in an attempt to subvert it. According to the British intelligence report, Xi has sought to make Chinese intelligence activity more professional through reform and investment. "In more ways than one, the broad remit of the Chinese Intelligence Services poses a significant challenge to Western attempts to counter their activity," the report said, citing assessments by British intelligence officers. "To compound the problem, it is not just the Chinese Intelligence Services: the Chinese Communist Party co-opts every state institution, company and citizen.

Persons: Yin, Ma Ying, Xi Jinping, Chuang, Gong, Dalai Lama, Murad Sezer, Xi, Xie Huanchi, hoover, Stavros Atlamazoglou Organizations: Chinese Communist Party, intel, Beijing, Service, Ministry of Public Security, Yin Gang, Getty, Xinhua, of State Security, of Public Security, Force, NSA, REUTERS, CCP, of, People, US National Counterintelligence and Security Center, Chinese Intelligence Services, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Wall, Silicon, Beijing, Xinhua, Taipei, Singapore, Xinjiang, Taiwan, Tibet, Bhutan, Nepal, India, Istanbul, Johns

☆ Bad Real Estate Agents Are Costing Homebuyers Millions, Making Housing Market Worse
▼ + stars: | 2023-08-02 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

But lately, he's been having trouble squaring that passion with a growing problem: a glut of underqualified real-estate agents. "The general public deserves so much better than what the majority of real-estate agents provide." A threat to the industryThe vast majority of real-estate agents are independent contractors who rely on commissions. But despite the ease with which home shoppers can now browse homes online, buyers and sellers still see themselves as dependent on real-estate agents. And if those people don't have the ability to become a real-estate agent or a Realtor, then they lose their access to representation."

Persons: Bret Weinstein, he's, Weinstein, they're incentivized, It's, appraisers, they're, they'd, Lawrence Yun, Stephen Brobeck, Brobeck, Inman, that's, There's, Jessica Reinhardt, Reinhardt, bristled, who's, Reinhard, James Rodriguez Organizations: Realtors, Consumer Federation of America, National Association of Realtors, NAR, Consumers, CFA, Denver Metro Association of Realtors Locations: Denver, Texas, Massachusetts, Michigan, Pennsylvania

☆ IRS says it will deliver faster refunds to millions of taxpayers in coming years. Here’s how.
▼ + stars: | 2023-08-02 | by ( Tami Luhby | ) edition.cnn.com time to read: +4 min

The two-pronged effort, dubbed the “Paperless Processing Initiative,” aims to cut down on the millions of paper documents the IRS receives annually. Although the vast majority of taxpayers file their returns electronically, millions still send in paper returns. By next year’s filing season, taxpayers will be able to digitally file all correspondence, non-tax forms and responses to notices. This will enable up to 125 million paper documents to be sent in online every year, the agency said. Those who prefer to mail in paper returns and correspondence will continue to be able to do so.

Persons: Janet Yellen, Daniel Werfel, ” Werfel Organizations: New, New York CNN, Internal Revenue Service, IRS, Service, House Republicans Locations: New York

☆ Warner Bros. Discovery is making a big shake-up to its ad sales org. Read how its sales chief explained the changes.
▼ + stars: | 2023-07-31 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Discovery is shaking up its ad sales organization. It's also expected to make further staff reductions in ad sales as part of the restructure. Discovery is shaking up its ad sales organization and structure. EVP Jim Keller, who was key to bringing a digital approach to the merged company's newly combined sales team, left, along with Scott Kohn, EVP of national ad sales, and John Dailey, SVP of ad sales. Based on the learnings and successes we've experienced in the past year, this morning we are announcing a new sales structure and strategy.

Persons: It's, Marybeth Strobel, Greg Regis, Regis, Strobel, Ryan Gould, Jon Diament, Sheereen Russell, WBD, Jon Steinlauf, Jim Keller, Scott Kohn, John Dailey, David Zaslav, we've, AE's, Lucia Moses, lmoses Organizations: Warner Bros, WBD, Max, CNN, NBA, NCAA, MLB, NHL

☆ We Tested an AI Chatbot Drive-Though. Here's How It Did on Three Challenges.
▼ + stars: | 2023-07-27 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

Musk vs. Zuckerberg vs. Everyone Else: The New Age of Big Tech Fights Twitter owner Elon Musk and Meta CEO Mark Zuckerberg have agreed to a cage match. A physical fight might be a first but WSJ’s Joanna Stern breaks down—with the help of action figures—why this tech brawl is actually like past Silicon Valley beefs. Photo Illustration: Kenny Wassus, Preston Jessee

Persons: Elon Musk, Mark Zuckerberg, Joanna Stern, Kenny Wassus, Preston Jessee Organizations: Zuckerberg, Big Tech, Twitter

☆ Lindsey Graham and Elizabeth Warren: We Must Regulate Big Tech - The New York Times
▼ + stars: | 2023-07-27 | by ( Lindsey Graham | Elizabeth Warren | ) www.nytimes.com time to read: +3 min

Big Tech companies also prey on ordinary users. It’s time to rein in Big Tech. In 1975 the Nuclear Regulatory Commission took on nuclear power, and in 1977 the Federal Energy Regulatory Commission took on electric generation and transmission. We need a nimble, adaptable, new agency with expertise, resources and authority to do the same for Big Tech. Our legislation would guarantee common-sense safeguards for everyone who uses tech platforms.

Organizations: Big Tech, Big, Interstate Commerce, Federal Trade Commission, Federal Communications Commission, Regulatory, Energy Regulatory, Consumer Protection, Google Locations: China, Big Tech

☆ Big Tech super-regulator would be a super-dud
▼ + stars: | 2023-07-27 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

WASHINGTON, July 27 (Reuters Breakingviews) - Two U.S. lawmakers have an idea for reining in Big Tech: get someone else to do it. They include protecting young users of social media, and countering anticompetitive behavior. A new watchdog that sets out to safeguard young users would overlap with some of the Federal Communications Commission’s duties. Instead of spending time and taxpayer dollars on a super-regulator, lawmakers would do better to get their act together, and face Big Tech themselves. The proposal, introduced in the Senate on July 27, would set new rules for tech mergers, data security, and safeguards for young users, according to the essay.

Persons: Elizabeth Warren, Lindsay Graham, Warren, Barack Obama’s, Donald Trump, Joe Biden, Rohit Chopra, John Foley, Sharon Lam Organizations: Reuters, Big Tech, Democratic, Digital Consumer Protection, of Justice, Federal Trade Commission, Federal Communications, Consumer Financial Protection Bureau, Democratic U.S, New York Times, Thomson

☆ Elizabeth Warren and Lindsey Graham want a new agency to regulate tech
▼ + stars: | 2023-07-27 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —Two US senators are calling for the creation of a new federal agency to regulate tech companies such as Amazon, Google and Meta, in the latest push by members of Congress to clamp down on Big Tech. The bill targets tech platforms including Amazon, Apple, Google, Meta, Microsoft, TikTok and Twitter, which now officially known as X, a Senate aide told CNN, though the companies aren’t directly named in the legislation. “For too long, giant tech companies have exploited consumers’ data, invaded Americans’ privacy, threatened our national security, and stomped out competition in our economy,” Warren said in a statement. Thursday’s proposal differs from Bennet’s bill, the aide said, in that it is in some ways more specific in its restrictions on the tech industry. It’s time to rein in Big Tech,” Graham and Warren wrote in an op-ed in the New York Times Thursday.

Persons: Sen, Elizabeth Warren, Lindsey Graham, ” Warren, Warren, Michael Bennet, ” Graham Organizations: Washington CNN, Google, Big Tech, Massachusetts Democrat, South Carolina Republican, Apple, Meta, Microsoft, Twitter, CNN, Digital Consumer Protection, Colorado Democrat, Big, New York Times, Federal Communications Commission, Nuclear Regulatory Commission, Federal Trade Commission, Department of Justice, FTC, DOJ Locations: Massachusetts, Big Tech, Colorado, United States

Now, two prominent senators are pushing to create a new federal agency to rein in the power of Big Tech. Elizabeth Warren, Democrat of Massachusetts, and Lindsey Graham, Republican of South Carolina, plan to introduce the Digital Consumer Protection Commission Act, which they say would restrain tech titans while letting them continue to innovate. But these companies have fought hard against increased oversight, and it’s unclear how a new agency will fit into a Washington already full of regulators. The bill is in the vein of legislation that established agencies to oversee fast-growing industries, much like how Congress created the Interstate Commerce Commission, the Federal Communications Commission and the Nuclear Regulatory Commission. “For too long, giant tech companies have exploited consumers’ data, invaded Americans’ privacy, threatened our national security and stomped out competition in our economy,” Ms. Warren told DealBook’s Ephrat Livni.

Persons: Elizabeth Warren, Lindsey Graham, Ms, Warren, DealBook’s Ephrat Livni Organizations: Apple, Meta, Microsoft, Big Tech, Republican, Digital Consumer Protection, Interstate Commerce Commission, Federal Communications Commission, Nuclear Regulatory Commission Locations: Massachusetts, South Carolina, Washington

☆ Big Tech super regulator would be a super dud
▼ + stars: | 2023-07-27 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

Persons: Elizabeth Warren, Lindsey Graham, Warren, Barack Obama’s, Donald Trump, Joe Biden, Rohit Chopra, John Foley, Sharon Lam Organizations: Reuters, Big Tech, Democratic, Republican, Digital Consumer Protection, of Justice, Federal Trade Commission, Federal Communications, Consumer Financial Protection Bureau, Democratic U.S, New York Times, Thomson

☆ Pan Gongsheng: China's new central bank governor faces daunting tasks
▼ + stars: | 2023-07-26 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China has a new central bank governor. He replaced Yi Gang, who took office in March 2018, when China’s longest-serving central banker Zhou Xiaochuan stepped down after a 15-year tenure. He was previously a deputy governor of the PBOC and has served as head of China’s foreign exchange regulator since 2016, managing currency reserves worth $3.18 trillion. In China’s political system, the Communist Party boss is usually the top official in the relevant organization, be it a level of government or a public institution. In March, Beijing created a powerful financial watchdog run by the Communist Party, named the Central Financial Commission, as part of a broad reform of governing bodies to strengthen the party’s oversight of economic affairs.

Persons: Pan Gongsheng, Yi Gang, Zhou Xiaochuan, Xi Jinping, Xi, ”, Ken Cheung, Zhou Organizations: Hong Kong CNN, People’s Bank of China, Communist Party, Renmin University of China, Cambridge University, Harvard University, Xinhua, Mizuho Bank, Central Financial Commission, Financial Regulatory Locations: Hong Kong, China, Beijing

☆ Eric Adams' relationship with the NY tech community hits some snags
▼ + stars: | 2023-07-26 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

New York City Mayor Eric Adams speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 28, 2022. Since then, however, Adams' often-positive relationship with New York's tech community has soured in some ways. Adams' team also referred CNBC to two New York tech leaders: Andrew Rasiej, the chairman of NY Tech Alliance, and George Fontas, the CEO of tech lobbying shop Fontas Advisors. NY Tech Alliance is a massive tech trade group with 60,000 members, according to their website. Rasiej pushed back on the notion that Adams relationship with New York's tech community has soured.

Persons: Eric Adams, Adams, Mayor Adams, Andrew Rasiej, George Fontas, Rasiej, Fontas, we're, Josh Gold, Uber, Airbnb Organizations: York City, New York Stock Exchange, New York, New, Airbnb, CNBC, NY Tech Alliance, Fontas, Technology, Innovation, Yorkers, Mayor, Adams City Hall Locations: York, New York City, U.S, New York, Washington

☆ How Abu Dhabi's $276 billion Mubadala sovereign wealth fund is investing in software in the new age of AI
▼ + stars: | 2023-07-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Ali Osman, head of technology and software investments at Abu Dhabi's giant Mubadala sovereign wealth fund, has invested steadily through it all and is not shying away from putting more money to work. He and his team focus on business software and specialize in private equity, making direct buyout investments and indirect bets through major PE firms. Osman works with many of the biggest and most successful PE firms in the tech space, including Thoma Bravo, TPG and Bain Capital. AI uncertainty and dataThe generative AI boom, and the rise of large language models, has introduced a major new variable to software investing. The other bottleneck is capital, basically the cash available to invest in software businesses.

Persons: Ali Osman, Mubadala, Osman, Thoma Organizations: Abu, Thoma Bravo, TPG, Bain Capital, Vista Equity Partners, PE Locations: Morocco, SalesLoft, mindspace

☆ I.R.S. Halts Surprise Visits to Homes and Businesses
▼ + stars: | 2023-07-24 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

The change comes as the I.R.S. embarks on a multibillion-dollar modernization project that aims to upgrade technology, ramp up enforcement of the tax code and improve customer service. “We are taking a fresh look at how the I.R.S. operates to better serve taxpayers and the nation, and making this change is a common-sense step,” Daniel Werfel, the I.R.S. “Changing this longstanding procedure will increase confidence in our tax administration work and improve overall safety for taxpayers and I.R.S.

Persons: ” Daniel Werfel Organizations: Internal Revenue Service

☆ Want to know how to get ready for the rise of AI? Dig into the past.
▼ + stars: | 2023-07-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

It's why top researchers are looking to the past as a guide to predict how generative AI could affect workers' jobs in the years and decades to come. "It's possible that in the end, we get better jobs, but in the short term, there's a lot of disruption," Mollick said. But Raymond warned that AI could produce some less-desirable outcomes for customer-service workers, particularly if customer-support chatbots become much more capable and advanced. The extent to which AI displaces jobs will depend on how quickly it scales what Mollick calls the "three levels" of work: tasks, jobs, and systems. Instead, what I would be thinking about is: How do you figure out how to use it to do your job better?"

Persons: Ethan Mollick, Mollick, Carl Benedikt Frey —, Frey, Lindsey Raymond —, —, Raymond, that's, chatbots, Oded, There's Organizations: Service, University of Pennsylvania's Wharton School, MIT Sloan School of Management, White, National Bureau of Economic Research Locations: Wall, Silicon, Oxford, COVID, Columbia

☆ Wimbledon men's final: Princess Charlotte and Prince George have a ball
▼ + stars: | 2023-07-17 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +2 min

London CNN —Prince George and Princess Charlotte, the two oldest children of Britain’s Prince and Princess of Wales, sat on the edge of their seats in the Royal Box to watch the nail-biting men’s Wimbledon final on Sunday. Charlotte (center left), and George (center right) sit in the Royal Box ahead of the men's singles Wimbledon final on Sunday. Dylan Martinez/ReutersCharlotte and George cheer emphatically as they watch the epic men's finale of the prestigious tennis tournament. Alcaraz became the third-youngest Wimbledon champion in the Open Era, adding a second major title to his resume after winning the US Open in September. “Congratulations to the new men’s #Wimbledon champion @carlosalcaraz.

Persons: London CNN — Prince George, Princess Charlotte, Prince, Princess of Wales, Carlos Alcaraz, Novak Djokovic, Stella, Gordon Reid, George, Andrew Couldridge, Reuters Kate, Charlotte, Dylan Martinez, Karwai Tang, Prince William, Catherine , Princess of Wales, Alcaraz, Tim Clayton, Corbis, Kate, Julian Finney, Princess, Wales, ” King Felipe of, Brad Pitt, Daniel Craig, Rachel Weisz, Ariana Grande, Tom Hiddleston Organizations: London CNN, Wimbledon, UK’s, Media, Reuters, Getty, Charlotte, Djokovic, Lawn Tennis, Twitter, BBC, CNN’s Royal Locations: British, Charlotte, Reuters Charlotte, Kensington, ” King Felipe of Spain

☆ Sally Kempton, Rising Star Journalist Turned Swami, Dies at 80
▼ + stars: | 2023-07-16 | by ( Penelope Green | More About Penelope Green | ) www.nytimes.com time to read: +1 min

Sally Kempton, who was once a rising star in the New York journalism world and a fierce exponent of radical feminism, but who later pivoted to a life of Eastern asceticism and spiritual practice, died on Monday at her home in Carmel, Calif. She was 80. Her brother David Kempton said the cause was heart failure, adding that she had suffered from a chronic lung condition. Ms. Kempton’s literary pedigree was impeccable. Her father was Murray Kempton, the erudite and acerbic newspaper columnist and a lion of New York journalism, the ranks of which she joined in the late 1960s as a staff writer for The Village Voice and a contributor to The New York Times. She was a sharp and talented reporter — although she sometimes felt she hadn’t properly earned her place as a journalist and owed it largely to her father’s reputation.

Persons: Sally Kempton, David Kempton, Murray Kempton, —, Bob Dylan, ”, Frank Zappa Organizations: New, The Village, New York Times, The Times Locations: New York, Carmel , Calif

That's the role he played (in my career), beating me in two Grand Slam finals," a smiling Djokovic said ahead of their third round encounter on Centre Court. Wawrinka sensationally won three Grand Slam titles, beating Djokovic at Roland Garros and Flushing Meadows. "After several knee surgeries, he keeps going strong and trying to create some more history for himself and tennis," Djokovic said. "We cannot forget that he's a three-time Grand Slam champion, Davis Cup winner and also (won) Olympic gold (in doubles). With Wimbledon still clearing the backlog of matches postponed due to rain, world number one Carlos Alcaraz will be playing his second round match on Friday when he takes on Frenchman Alexandre Muller.

Persons: Serbia's Novak Djokovic, Australia's Jordan Thompson, Dylan Martinez, Novak, Stan Wawrinka, Djokovic, Wawrinka, Roger Federer, Rafa Nadal, Andy Murray, Wawrinka sensationally, Roland Garros, Carlos Alcaraz, Frenchman Alexandre Muller, Iga Swiatek, Croatian Petra Martic, Rohith Nair, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Australia's Jordan Thompson REUTERS, Wimbledon, Davis, French, Thomson Locations: London, Britain, Serbian, Flushing Meadows, Croatian, Bengaluru

☆ Musk vs. Zuckerberg vs. Everyone Else: The New Age of Big Tech Fights
▼ + stars: | 2023-06-29 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

S2 E27Extreme Makeover AI Edition: Testing Four Apps That Distort Reality AI image tools, including Adobe Firefly, FaceApp, Midjourney and Try It On, can give people appearances, features and characteristics that, well, aren’t real. WSJ’s Joanna Stern set up an AI photo booth in New York City to test out the tools on random strangers. Photo illustration: Jacob Alexander Nelson for The Wall Street Journal

Persons: Joanna Stern, Jacob Alexander Nelson Organizations: Adobe, The Wall Street Locations: New York City

☆ Ukraine hits bridge linking Crimea to mainland
▼ + stars: | 2023-06-22 | by ( Tom Balmforth | ) www.reuters.com time to read: +4 min

It solves nothing as far as the special military operation is concerned," he said, vowing to repair the bridge and restore traffic. He threatened to retaliate by targeting a bridge linking neighbouring Moldova to NATO-member Romania: "A very serious response is coming very soon." The Chonhar bridge hit overnight is one of just a handful of access roads to Crimea, which is linked to the Ukrainian mainland by a narrow isthmus. Russian investigators said four missiles had been fired by Ukrainian forces at the bridge, the RIA news agency reported. He also described fierce fighting in the east, where Ukraine says it has been holding off Russian attacks.

Persons: Vladimir Saldo, Yuriy Sobolevsky, Andriy Kovaliov, Volodymyr Zelenskiy, Zelenskiy, Peter Graff, Gareth Jones Organizations: Russian, NATO, Kyiv, Troops, Reuters, Thomson Locations: Russian, Ukraine's Kherson, Ukrainian, Kherson, Crimea Russian, Crimea, Ukraine, Kyiv, London, Moldova, Romania, Russia, France, Rivnopil, Moscow

☆ Meet GoDigital, the happiness-obsessed company that wants to buy Vice Media
▼ + stars: | 2023-06-16 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

Vice Media Group logo Pavlo Gonchar | Lightrocket | Getty ImagesWhen Suroosh Alvi, Gavin McInnes and Shane Smith founded Vice magazine, which later expanded to Vice Media, they built a business based on a punk rock, counterculture image. GoDigital Media Group is a privately held conglomerate that owns video and music rights, especially in the Latin genre, and an array of different businesses. GoDigital plans to bid for Vice on Tuesday at a price between $300 million and $400 million, according to people familiar with the company's thinking. He will preach that message to Vice's employees on Day One if GoDigital acquires the company, he said. Smith, Vice's executive chairman and former CEO, couldn't be reached for comment.

Persons: Pavlo Gonchar, Suroosh Alvi, Gavin McInnes, Shane Smith, Smith, Jason Peterson, Logan Mulvey, GoDigital, Jason DeRulo, Peterson, Berkshire Hathaway, what's, Mulvey, John Leguizamo, Craig Greiwe, Sean, Diddy, Combs, couldn't, haven't, ' Peterson, Alex Wallace, Wallace, Gay Hendricks, We're, Adam Neumann's, I'm Organizations: Media, Lightrocket, Vice Media, GoDigital Media, Berkshire, Eastern Mountain Sports, NGL, Fortress Investment, Soros Fund Management, Monroe Capital, Fortress, Yahoo, CNBC Locations: Brooklyn , New York, Los Angeles

Google and OpenAI, two U.S. leaders in artificial intelligence, have opposing ideas about how the technology should be regulated by the government, a new filing reveals. Google is one of the leading developers of generative AI with its chatbot Bard, alongside Microsoft -backed OpenAI with its ChatGPT bot. While OpenAI CEO Sam Altman touted the idea of a new government agency focused on AI to deal with its complexities and license the technology, Google in its filing said it preferred a "multi-layered, multi-stakeholder approach to AI governance." "At the national level, we support a hub-and-spoke approach—with a central agency like the National Institute of Standards and Technology (NIST) informing sectoral regulators overseeing AI implementation—rather than a 'Department of AI,'" Google wrote in its filing. "There is this question of should there be a new agency specifically for AI or not?"

Persons: Bard, Sam Altman, Emily M, Bender, Brad Smith, Greg Brockman, Ilya Sutskever, execs, Global Affairs Kent Walker, he's, Helen Toner, OpenAI Organizations: Google, National Telecommunications, Washington Post, Microsoft, National Institute of Standards, Technology, NIST, AI, FDA, University of Washington's Computational, Laboratory, Twitter, International Atomic Energy Agency, Post, Global Affairs, Georgetown's Center for Security, Emerging Technology, CNBC

☆ EU chief embarks on Latin America tour to boost 'neglected' ties
▼ + stars: | 2023-06-12 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

BRUSSELS, June 12 (Reuters) - European Commission President Ursula von der Leyen starts a four-nation trip to Latin American on Monday to bolster political and trade ties that the European Union admits it has sometimes neglected. Von der Leyen will meet the presidents of Brazil, Argentina, Chile and Mexico on consecutive days. Von der Leyen will also seek to push forward an update to the EU-Mexico trade pact which the two sides agreed in 2018. It has a trade agreement with Chile that could give EU companies greater access to the country's lithium and copper. A possible understanding with Argentina could also promote exploration of the Vaca Muerta shale oil and gas reserves by EU investors.

Persons: Ursula von der Leyen, Von der, Olaf Scholz, Luiz Inacio Lula da Silva, Josep Borrell, Philip Blenkinsop, David Holmes Organizations: European Union, Mercosur, EU, Thomson Locations: BRUSSELS, Ukraine, China, Brazil, Argentina, Chile, Mexico, Paris, Brussels, Caribbean, Paraguay, Uruguay, Mercosur, Vaca

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