The European Union's AI Act has released a draft of its Code of Practice for general-purpose model providers, aiming to reduce uncertainty and increase compliance among stakeholders. The draft, which must be finalized by May 2, outlines specific obligations for providers of artificial intelligence models, including requirements for metadata and risk assessments. Failure to comply may result in fines of up to 3% of the provider's annual global turnover or €15 million ($16.2 million), with potential EU bans on non-compliant models. Over 1,000 stakeholders have contributed to the draft, which is seen as a significant step towards regulating AI in Europe.
https://news.bloomberglaw.com/artificial-intelligence/eu-ai-act-guidelines-draft-hones-copyright-specificationsThe European Union's AI Act has released a draft of its Code of Practice for general-purpose model providers, aiming to reduce uncertainty and increase compliance among stakeholders. The draft, which must be finalized by May 2, outlines specific obligations for providers of large language models, including requirements for metadata and risk assessments. Failure to comply may result in fines of up to 3% of the provider's annual global turnover or €15 million ($16.2 million), with potential EU bans on model use also possible. Over 1,000 stakeholders have contributed to the draft, led by Morrison & Foerster attorneys, who see it as a more workable and less burdensome approach than previous versions.
https://news.bloomberglaw.com/ip-law/eu-ai-act-guidelines-draft-hones-copyright-specificationsThe European Union plans to invest €200 billion in artificial intelligence (AI) by 2025, with a focus on improving access to generative AI in healthcare, supporting digital innovation hubs, and enhancing educational institutions' capacity to develop talent. As part of this initiative, four new gigafactories will be established to train advanced AI models, housing around 100,000 AI chips - quadruple the current number. The financing for these gigafactories will come from a multi-layered fund using existing programs such as "Digital Europe", "Horizon Europe", and InvestEU.
https://www.fakti.bg/en/world/960251-eu-invests-13-billion-in-digital-technologies-and-artificial-intelligenceEY India has launched a customised fine-tuned Large Language Model (LLM) designed to enhance AI adoption in the Banking, Financial Services, and Insurance (BFSI) sector. The model delivers measurable business outcomes, including up to 50 per cent cost savings, aiming to revolutionize customer service and operational efficiency.
https://www.deccanchronicle.com/technology/ey-india-launches-customised-fine-tuned-llm-to-enhance-ai-adoption-in-bfsi-sector-1869494A US federal court panel is considering consolidating copyright suits against OpenAI Inc., a company behind the popular AI chatbot ChatGPT, amid overlapping factual questions and witnesses in 12 lawsuits brought by authors, publishers, and news organizations.
https://news.bloomberglaw.com/ip-law/panel-mulls-consolidating-openai-copyright-suits-pretrial-workThe Financial Services Roundtable discussion on March 27 highlighted that companies are just beginning to deploy generative and agentic AI in their operations, contrary to the claims made by AI vendors, industry executives, and academics. The Securities and Exchange Commission (SEC) hosted the roundtable, which brought together experts from top financial services firms such as Goldman Sachs and JPMorgan Chase.
https://www.pymnts.com/artificial-intelligence-2/2025/ai-adoption-in-finance-promise-vs-reality-sec-roundtable-reveals-cautious-approach/Google Public Sector has partnered with Carnegie Mellon University (CMU) to provide comprehensive support for onboarding workloads and optimizing resources, enabling CMU researchers to leverage Google's advanced GPU infrastructure. The partnership aims to advance AI research and create real-world impact, with a focus on improving access to large-scale computing power for US education institutions. This collaboration is crucial for fostering innovation and empowering the next generation of AI researchers, as stated by Brad Hoffman, Director of State & Local Government and Higher Education at Google Public Sector. The partnership marks a significant milestone in CMU's commitment to pushing the boundaries of AI research, ensuring the university remains at the forefront of innovation and driving advancements with lasting global societal outcomes.
https://www.prnewswire.com/news-releases/carnegie-mellon-university-and-google-public-sector-partner-to-accelerate-ai-research-with-extensive-gpu-cloud-deployment-302414403.htmlGoogle's internal branch of Android source code, used by brands under GMS agreements, has become increasingly complex and confusing for developers. This is partly due to Google's shift in focus towards artificial intelligence (AI) capabilities on its various software platforms. For instance, the company has been investing heavily in AI-powered features like Google Assistant and Google Lens, which are integrated into Android devices. As a result, some internal branches of the code have become redundant or outdated, making it challenging for developers to navigate between the two versions of the source code.
https://gizmodo.com/google-is-closing-up-android-development-but-its-not-what-you-think-2000581159Google's John Mueller acknowledged that AI is changing the search landscape, but emphasized that foundational aspects of search like crawling and indexing will remain relevant. He noted that SEOs and publishers must adapt to these changes, a process he has seen before in previous algorithm updates. Mueller shared advice on how to adjust to AI-powered search, highlighting the need for SEOs to be aware of the changing user interactions and ecosystem.
https://www.searchenginejournal.com/google-affirms-ai-is-not-replacing-search/543118/