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[ Wed, Nov 27th 2024 ] - Bill Williamson
MSU names new finance chief

The grim ghost of crypto future


//business-finance.news-articles.net/content/2024/12/01/the-grim-ghost-of-crypto-future.html
Published in Business and Finance on Sunday, December 1st 2024 at 4:00 GMT by Bill Williamson   Print publication without navigation

  • Musk's favourite "memecoin" Dogecoin, meanwhile, has eclipsed bitcoin in terms of gains, climbing 150 per cent since the election. Why? Because Doge is the acronym for the new " department of government efficiency " that Musk is due to head up. Is that just totally hilarious or deeply grim? I guess it depends on your sense of humour.

The article from the Financial Times discusses the ongoing debate over the regulation of artificial intelligence (AI) in the European Union. It highlights the EU's efforts to lead in AI regulation with the proposed AI Act, which aims to set global standards for AI governance. The legislation seeks to balance fostering innovation with protecting citizens' rights, focusing on high-risk AI systems that could impact safety or fundamental rights. Key points include the classification of AI systems, the establishment of regulatory sandboxes for testing, and concerns about the potential stifling of innovation due to stringent regulations. There's also mention of the tension between European lawmakers and tech companies, with the latter arguing that overregulation could drive AI development outside of Europe. The article notes the complexity of AI, the rapid pace of technological advancement, and the challenge of creating laws that are both effective and adaptable to future AI developments.

Read the Full The Financial Times Article at:
[ https://www.ft.com/content/d56802aa-fa82-40f4-9cc6-36bbb8d2b35e ]

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