FT News Briefing Governments dip into AI regulation
Nov 1, 2023
Sam Bankman-Fried’s fraud trial reaches its final stages, revealing shocking testimonies that may reshape the cryptocurrency landscape. Meanwhile, Eurozone inflation drops to 2.9%, raising questions for central banks. A significant global summit in the UK is on the horizon, focused on the urgent need for AI regulations amidst rising concerns over generative AI and its implications. Additionally, Odey Asset Management faces closure due to serious allegations against its founder, highlighting the troubling intersection of corporate ethics and governance.
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SBF Trial
- Sam Bankman-Fried's trial concluded, focusing on the collapse of FTX.
- He testified, surprisingly, deflecting blame onto subordinates.
Eurozone Inflation Drop
- Eurozone inflation fell to 2.9%, its lowest since July 2021.
- This might influence central banks to halt interest rate hikes.
AI Regulation Focus
- Governments are increasingly focusing on regulating AI due to advancements in generative AI.
- Concerns range from misinformation to existential risks.