NewsFeed

April 21, 2025

Biden Administration Cracks Down on Non-Compete Agreements

The US government's "America First" antitrust policy emphasizes a more aggressive approach to enforcing laws, with top regulators emphasizing the need for continued vigilance in labor markets and artificial intelligence. The Biden administration's trends are expected to be maintained under this new framework, which may lead to increased scrutiny of non-compete agreements, particularly in the context of emerging technologies like AI.

https://news.bloomberglaw.com/tech-and-telecom-law/regulators-sketch-framework-for-america-first-antitrust-policy

April 21, 2025

California's SB 813 Aims for Safe AI Innovation

California's new SB 813 legislation proposes a novel approach to regulating advanced AI systems, aiming to balance innovation with safety concerns. The framework, developed by independent experts through a "third-way" governing model, establishes safety standards and provides incentives for developers who opt-in, including legal protections under state law. This voluntary system, which includes third-party assessments and public disclosure of safety standards, is seen as a pragmatic approach to governance that will help keep residents safe while preserving innovation in AI development.

https://www.prnewswire.com/news-releases/prominent-ai-scholars-back-private-governance-model-in-california-302433352.html

April 21, 2025

CFOs Embrace GenAI for Financial Decision-Making

A recent survey by PYMNTS found that US firms with over $1 billion in annual revenue are increasingly adopting generative artificial intelligence (GenAI) to enhance strategic decision-making, particularly for high-impact tasks such as data visualization and financial reporting. CFOs reported a significant increase in confidence in GenAI's importance across various financial functions, with 68% viewing it as important for financial reporting in June, up from 37% in March. The survey also found that over 98% of CFOs anticipate a positive impact of GenAI on their industry within the next three years, and Microsoft, Google, and Meta have seen increased perceptions as dominant players in the GenAI market.

https://www.pymnts.com/artificial-intelligence-2/2025/45-percent-of-middle-market-firms-report-increased-use-of-genai/

April 21, 2025

Confidential.io Unveils AI Data Governance Solution

Confidencial.io, a company born from DARPA-funded research at SRI, is launching an AI data governance solution at the RSAC conference this year. The solution aims to prevent data leaks and support secure innovation by embedding a governance layer within enterprise-scale AI frameworks, covering workflows, Agentic AI systems, training processes, and operations to ensure authorized data flow.

https://www.prnewswire.com/news-releases/confidencialio-plans-to-unveil-early-preview-of-unified-ai-data-governance-solution-to-protect-sensitive-information-and-accelerate-ai-readiness-at-rsac-302433426.html

April 21, 2025

Czech Labor Market Faces 40% AI Disruption

A new study commissioned by the Czech Ministry of Labor predicts that generative artificial intelligence (Gen AI) will significantly impact the country's labor market over the next decade, particularly in high-skilled professions. The Boston Consulting Group and the Aspen Institute Central Europe have forecasted that more than 40% of jobs, affecting around 2.3 million workers, will be affected by Gen AI by 2035. Specifically, approximately 600,000 roles are expected to undergo major changes requiring extensive retraining.

https://www.expats.cz/czech-news/article/generative-ai-will-affect-over-four-in-10-czech-jobs-which-industries-will-be-hit-most

April 21, 2025

Data Centers' Electricity Demand Skyrockets with AI Boom

Global data centers are projected to consume 945 TWh of electricity by 2030, primarily due to the increasing demand for artificial intelligence (AI), which could lead to higher emissions. This growth is expected to be offset by advancements in AI technologies and energy-efficient innovations.

https://www.thailand-business-news.com/tech/209593-electricity-consumption-of-global-data-centres-expected-to-hit-945-twh-by-2030

April 21, 2025

G42 Secures $1.5B Microsoft Investment Boost

G42, a technology holding group based in Abu Dhabi, has secured a $1.5 billion investment from Microsoft in 2024, solidifying its position as a global leader in artificial intelligence. With collaborations with top companies like NVIDIA, AMD, Cerebras, Qualcomm, and OpenAI, G42 is poised to offer transformative AI opportunities. The UAE's strategic investments in AI infrastructure and regulations are expected to make it the third-highest contributor to national GDP by 2030, according to PwC projections.

https://www.prnewswire.com/news-releases/g42-unveils-ai-talent-report-what-ai-experts-want-from-employers-302433294.html

April 21, 2025

Google Faces Antitrust Hearing Over AI Dominance

The US Department of Justice is seeking a federal judge's order to impose forward-looking remedies on Google, including banning the company from striking deals with Apple and other tech companies that shield its search engine from competition. This would require Google to share its user data with rivals and force a sale of its popular Chrome browser. The hearing will feature witnesses including Google CEO Sundar Pichai, as Justice Department attorney David Dahlquist emphasizes the importance of preventing Google's dominance through artificial intelligence.

https://apnews.com/article/google-search-monopoly-breakup-chrome-09b695c8de6c91b3d1e1b5305393f235

April 21, 2025

Huawei Leverages US Export Restrictions to Gain Advantage

The US government's efforts to restrict exports of computer chips to China may inadvertently fuel innovation in the Chinese semiconductor industry. Experts say this could lead to Chinese firms, potentially led by Huawei, gaining a competitive edge and eventually dominating the global market for microprocessors and GPUs. The new licensing requirements are expected to significantly impact US companies like Nvidia and AMD, which could lose substantial financial ground if they cannot comply with the rules.

https://www.malaymail.com/news/money/2025/04/21/chip-wars-intensify-analysts-warn-us-policies-and-restrictions-could-hand-semiconductor-market-to-china/173791