NEWS

Input on the First Edition of TTC WG1 EU-U.S. Terminology and Taxonomy for Artificial Intelligence

Category: Business News

ANNOUNCEMENT  The EU and U.S. welcome input on the list of 65 key AI terms essential to understanding risk-based approaches to AI, along with their EU and U.S. interpretations and shared EU-U.S. definitions that was released as part of the Fourth TTC Ministerial in May 2023. Comments are especially requested on the completeness, relevance and correctness of the […]

Source: EU-U.S. Trade and Technology Council (TTC)

How Reversal on Digital Trade Threatens U.S. Workers, Businesses

Category: Business News

USTR announced it was abandoning the longstanding U.S. approach to digital trade rules. Here’s how this decision will impact American companies and workers. The administration’s policy reversal on digital trade this week was shrouded in little known acronyms, but the impact on American companies and the workers they employ will be swift and painful.   This […]

Source: US Chamber of Commerce

Cisco to buy cybersecurity firm Splunk for $28 billion

Category: Business News

Sept 21 (Reuters) – Cisco Systems (CSCO.O) on Thursday agreed to buy cybersecurity firm Splunk (SPLK.O) for about $28 billion in its biggest-ever deal to strengthen its software business and capitalize on the boom in artificial intelligence. The deal, which is the biggest technology transaction of the year, will help reduce Cisco’s reliance on its massive networking equipment business, which […]

Source: Reuters

Microsoft Offers Legal Protection for AI Users in Copyright Cases

Category: Business News

Microsoft says it will provide some legal safeguards to customers using its AI.  The tech giant announced last week the launch of its Copilot Copyright Commitment, designed to protect artificial intelligence (AI) customers worried about possible intellectual property (IP) infringement. “As customers ask whether they can use Microsoft’s Copilot services and the output they generate without worrying about […]

Source: Pymnts.com

Statement from President Joe Biden on EU Adoption of Adequacy Decision for U.S.-EU Data Flows

Category: Business News

“I welcome the European Commission’s adequacy decision for the EU-U.S. Data Privacy Framework—which will allow personal data to be transferred from Europe to U.S. companies safely and securely. Today’s announcement represents the culmination of years of close cooperation between the United States and the European Union, and affirms the strength of our transatlantic relationship founded […]

Source: The White House

Published: October 7, 2023