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In September, the Democratic chair and top Republican on the Senate Judiciary Subcommittee on Privacy, Technology and the Law outlined legislation that would create an independent oversight agency for artificial intelligence technologies and require companies creating high-risk applications to register with the new body.
This problem has dogged efforts to pass federal data privacy and, more recently, cryptocurrency legislation. Those that do not engage will have to continually adapt their duediligence structures to the federal and/or other policies that eventually emerge. It could continue to delay any comprehensive AI legislative package.
billion and is projected to reach USD 5 billion in 2025, according to a 2021 BCG report. It also introduces a duediligence process under Rule 3 and 4 which the Online Gaming Industry has to comply to. Additionally, users need to be aware of what’s happening, and need data privacy standards that adequately protect them.
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