Regulation has quickly moved from a dry, backroom topic to front-page news, especially as technology continues to quickly reshape our world. With the UK’s Technology Secretary Peter Kyle announcing plans to legislate AI risks this year, and similar being proposed for the US and beyond, how do we safeguard against the dangers of AI while allowing for innovation?  The debate over AI regulation is intensifying globally. The EU’s ambitious AI Act, often criticized for being too restrictive, has faced backlash from startups claiming it impedes their ability to innovate. Meanwhile, the Australian government is pressing ahead with landmark social media regulation and beginning to develop AI guardrails similar to those of the EU. In contrast, the US is grappling with a patchwork approach, with some voices, like Donald Trump, promising to roll back regulations to ‘unleash innovation.’  This global regulatory patchwork highlights the need for balance. Regulating AI too loosely risks consequences such as biased systems, unchecked misinformation, and even safety hazards. But over-regulation can also stifle creativity and discourage investment.   Striking the Right Balance  Navigating the complexities of AI regulation requires a collaborative effort between regulators and businesses. It’s a bit like walking a tightrope: Lean too far one way, and you risk stifling innovation; lean too far the other, and you could compromise safety and trust.   Related:Possibilities with AI: Lessons From the Paris AI Summit The key is finding a balance that prioritizes the key principles.  Risk-Based Regulation  Not all AI is created equal, and neither is the risk it carries.   A healthcare diagnostic tool or an autonomous vehicle clearly requires more robust oversight than, say, a recommendation engine for an online shop. The challenge is ensuring regulation matches the context and scale of potential harm. Stricter standards are essential for high-risk applications, but equally, we need to leave room for lower-risk innovations to thrive without unnecessary bureaucracy holding them back. We all agree that transparency is crucial to building trust and fairness in AI systems, but it shouldn’t come at the cost of progress. AI development is hugely competitive and often these AI systems are difficult to monitor with most operating as a ‘black box’ this raises concerns for regulators as being able to justify reasoning is at the core of establishing intent.   As a result, in 2025 there will be an increased demand for explainable AI. As these systems are increasingly applied to fields like medicine or finance there is a greater need for it to demonstrate reasoning, why a bot recommended a particular treatment plan or made a specific trade is a necessary regulatory requirement while something that generates advertising copy likely does not require the same oversight. This will potentially create two lanes of regulation for AI depending on its risk profile. Clear delineation between use cases will support developers and improve confidence for investors and developers currently operating in a legal grey area.  Related:An AI Prompting Trick That Will Change Everything for You Detailed documentation and explainability are vital, but there’s a fine line between helpful transparency and paralyzing red tape. We need to make sure that businesses are clear on what they need to do to meet regulatory demands.  Encouraging Innovation Regulation shouldn’t be a barrier, especially for startups and small businesses.   If compliance becomes too costly or complex, we risk leaving behind the very people driving the next wave of AI advancements. Public safety must be balanced, leaving room for experimentation or innovation.  My advice? Don’t be afraid to experiment. Try out AI in small, manageable ways to see how it fits into your organization. Start with a proof of concept to tackle a specific challenge — this approach is a fantastic way to test the waters while keeping innovation both exciting and responsible.  Related:GenAI Implementation: 3 Boxes Retailers Must Check AI doesn’t care about borders, but regulation often does, and that’s a problem. Divergent rules between countries create confusion for global businesses and leave loopholes for bad actors to exploit. To tackle this, international cooperation is vital, and we need a consistent global approach to prevent fragmentation and set clear standards everyone can follow.   Embedding Ethics into AI Development Ethics shouldn’t be an afterthought. Instead of relying on audits after development, businesses should embed fairness, bias mitigation, and data ethics into the AI lifecycle right from the start. This proactive approach not only builds trust but also helps organizations self-regulate while meeting broader legal and ethical standards.  What’s also clear is that the conversation must involve businesses, policymakers, technologists, and the public. Regulations must be co-designed with those at the forefront of AI innovation to ensure they are realistic, practical, and forward-looking.  As the world grapples with this challenge, it’s clear that regulation isn’t a barrier to innovation — it’s the foundation of trust. Without trust, the potential of AI risks being overshadowed by its dangers.   source

“I ask leading questions,” he says. “‘Did you think of x, y, and z? What about this?’ This will not only get your team thinking about the right things; it will also get you the answers you need.” 8. Be smart about AI “It is critical for IT leaders to become more decisive about their company’s AI strategy,” says Dr. Kjell Carlsson, head of AI strategy at Domino Data Lab. Many tech leaders struggle with this because, as Ringdahl explains it, they lack confidence in this area. “They don’t have a background or experience in AI and ML,” says Carlsson. These decisions, though, according to Carlsson, need to come from IT leaders. “They need to make effective decisions about investments in AI and ML capabilities and which AI use cases to prioritize, for the firm to have any hope of being able to drive meaningful impact with AI.” As with most decisions, building your foundational knowledge helps here, too. “The key to success lies in recognizing that AI has plenty of similarities to the waves of data-oriented technologies that have gone before,” he says. “The specifics differ but the key questions that need to be asked and answered to guide these initiatives are largely the same.”  How will it be implemented? What resources are needed? What are the risks? How will it be governed? “Only the senior executive can ensure these questions get answered,” he says. “It is incumbent on them to validate that these answers hold water.” source

By Andrea Keckley ( February 13, 2025, 8:15 PM EST) — Artists in a proposed artificial intelligence copyright infringement class action against four companies that make or distribute software creating images with text prompts are at odds with the defendants over how many of their witnesses they should be allowed to depose, according to a filing in California federal court…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as Daily newsletters Expert analysis Mobile app Advanced search Judge information Real-time alerts 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial. source

Enterprise accounting software is designed for large companies and businesses. Here are the top seven enterprise accounting software suites. 1 Acumatica Cloud ERP Employees per Company Size Micro (0-49), Small (50-249), Medium (250-999), Large (1,000-4,999), Enterprise (5,000+) Any Company Size Any Company Size Features Accounts Receivable/Payable, API, Departmental Accounting, and more 2 QuickBooks Employees per Company Size Micro (0-49), Small (50-249), Medium (250-999), Large (1,000-4,999), Enterprise (5,000+) Micro (0-49 Employees), Small (50-249 Employees), Medium (250-999 Employees), Large (1,000-4,999 Employees) Micro, Small, Medium, Large Features API, General Ledger, Inventory Management Top enterprise accounting software comparison Oracle NetSuite ERP: Best overall enterprise accounting software Image: Oracle NetSuite Oracle NetSuite ERP (NetSuite) is an enterprise solution for managing your accounting, inventory, production, orders, supply chain, and warehouses. It can manage global subsidiaries in over 190 currencies and supports tax and reporting requirements for over 100 countries. Although its massive offerings can be intimidating if you have a midsize company, you can use the NetSuite Platform with only the needed services; for instance, perhaps get just accounting software and some basic ERP features. As you grow, you can keep your operations running efficiently by adding other NetSuite products to the platform. Why I chose Oracle NetSuite ERP NetSuite offers everything you need for your enterprise resource planning (ERP), but what I like is its experience with implementation, as implementing a system with this depth and breadth is a challenge. It has over 20 years of experience implementing its software and will work closely with your team to provide a roadmap to full-scale implementation. It is great at providing upper management with a bird’s-eye view of global operations and even handles the details. Its modules for advanced inventory, order management, and warehouse management provide practical, efficient, and often automated solutions for your day-to-day operations — such as inventory barcode scanning, pick lists, and setting inventory reorder points based on seasonal sales demand. Pricing You’ll pay a one-time implementation fee followed by an annual license fee, which is determined by the number of users and the modules you choose to add to the core platform. Pricing is customized to your needs, so you’ll need to contact sales for a quote. Standout features Accounting: Get A/R, A/P, account reconciliation, cash management, and tax management. Unlike small business accounting software, NetSuite includes fixed asset management and period-end close management. Regulatory compliance: Generate statements and disclosures that comply with ASC 606, GAAP, SOX, and other US-based regulatory requirements. The NetSuite OneWorld module can comply with the regulatory requirements of over 100 countries. Mobile app: Allow managers to provide approvals and review the data relevant to their position from anywhere. Cloud accessibility: Enjoy a completely cloud-based solution, reducing your need for IT infrastructure. Inventory management: View inventory and orders across all selling channels in real-time. Manage inventory in multiple locations and determine reorder points while factoring in seasonality. Order management: Automate order processing, view available inventory after commitments, and customize your order fulfillment process to your available resources and facilities. Warehouse management: Use the system to handle every step of the warehousing process, including receiving, storing, picking, and shipping. Additional products: Manage nearly every aspect of your business with the following add-ons: CRM Customer Relationship Management Field service management HRM Human Resource Management Global business management Professional services automation Connector (used to connect to ecommerce marketplaces) Omnichannel commerce Analytics and reporting Pros and cons Pros Cons Offers in-depth global reporting with drill-down features for more detail Has decades of experience with implementation Consolidates global subsidiaries in multiple currencies Supports US and global regulatory reports and disclosures Lacks upfront pricing Has an intimidating number of options and customizations Requires a substantial investment in implementation Requires training employees — not just the accountants — across departments and locations Sage Intacct: Best entry-level enterprise accounting software Image: Sage Like small business accounting software, Sage Intacct is easy to use — even if it includes the powerful features of enterprise software. Its primary focus is providing your business’s financial professionals with real-time, in-depth data across your entire operation, including worldwide subsidiaries. It can also be expanded into other ERP requirements through the Sage Intacct Marketplace. Why I chose Sage Intacct It fills the gap between small business accounting programs, like QuickBooks, and expensive enterprise solutions that many midmarket companies can’t afford. It has an open API that can be used to customize integration with your other tools like Salesforce, Expensify, and Kimble. As enterprise-level software, Sage Intacct can consolidate hundreds of business entities in minutes — something you can’t do in QuickBooks. As your business grows, you can expand the capabilities of Sage Intacct with additional modules for budgeting, fixed assets, multicurrency consolidations, dynamic allocations, and many others. I really like Sage Intacct Marketplace, an app store for your Intacct software. It’s easy to adapt your software by subscribing and integrating with one of Sage’s many partners. Pricing You must contact Sage for a custom quote. Standout features CFO dashboard: View consolidated assets, revenue, expenses, and net income for all consolidated entities. Customize your own charts and graphs with the important breakdowns across entities. Dynamic allocations: Create automations to make standard allocations within your entities. Inter-company eliminations: Map relationships between entities by choosing related intercompany receivables and payables so that Sage Intacct can automate your eliminating entries when consolidating entities. Automate revenue recognition: Design automation to accurately recognize revenue across periods for things like subscriptions, licenses, and services. Spend management module: Track purchasing versus budget to keep you from overspending. Budgeting: Create budgets across entities, departments, sub-departments, locations, sub-locations, and other dimensions. The budgeting wizard will import all the necessary information from each entity to get off to a fast start. Payroll by ADP: Manage payroll and HR with ADP directly from within your Sage Intacct account. Pros and cons Pros Cons Makes it easy to expand its capabilities through the Sage Intacct Marketplace Features great customizable interactive data analysis tools within dashboards Offers AI outlier protection, which can detect suspicious entries Has

The AI Action Summit held in Paris on Feb. 10 and Feb. 11 focused more on the possibilities than the perils of AI. French President Emmanuel Macron kicked off the event with a series of deepfaked videos of himself, seemingly more amused than concerned.   People — government leaders, tech executives, academics, and researchers among them — from more than 100 countries flocked to the event to talk about AI innovation, governance, public interest, trustworthiness, and its impact on the future of work.   InformationWeek spoke to three experts who attended the event to get a sense of some of the major themes that emerged from the third global AI summit.   Global Competition and Tension  While the AI Action Summit brought together people from around the world, a sense of competition remained strong. Macron urged Europe to take a more innovative stance in hopes of being of player in the AI race being run by China and the US.   US Vice President JD Vance took to the stage at the summit to declare that the US would be the dominant player in the AI space.   Georges-Olivier Reymond, cofounder and CEO of quantum computing company Pasqal, tells InformationWeek that hardware was a key discussion point at the summit. The US, for example, placed restrictions on AI chip exports.   Related:An AI Prompting Trick That Will Change Everything for You “Control the hardware, you have your sovereignty. And for me, that is one of the main takeaways of this event,” Reymond tells InformationWeek.   While Vance gave voice to the “America First” approach to AI, the US is still facing stiff competition. Earlier this year, DeepSeek burst onto the scene, seemingly giving China an edge in the global race for AI dominance. The company’s founder Liang Wenfeng did not attend the summit, but other stakeholders from China did. Chinese Vice Premier Zhang Guoqing spoke about a willingness to work with other countries on AI, Reuters reports.   Many countries in attendance, including France and China, signed an international agreement on “inclusive and sustainable” AI. But the US and UK are two notable holdouts, splintering hopes for a unified, global approach to AI.   Innovation vs. Regulation  In 2023, the first global AI meeting was held in the UK. The second was held in Seoul, South Korea, last year. This year marks a shift away from the emphasis these two events put on safety.   “Going into the AI Summit in Paris, France wanted to demonstrate the concrete benefits of AI, as opposed to solely its potential risks,” Michael Bradshaw, global applications, data, and AI practice leader at Kyndryl, an IT infrastructure services company, tells InformationWeek via email.   Related:How to Regulate AI Without Stifling Innovation Vance was vocal about prioritizing innovation over safety. “The AI future is not going to be won by hand-wringing about safety,” he said, the New York Times reports. And Macron called for Europe to move faster.   While innovation may be in the front seat, regulation still has a role to play if AI is to be safe and secure and actually deliver on the value it promises.   “My takeaways center on the opportunities we have to ensure that AI is deployed to benefit society broadly,” Matthew Victor, co-founder of the Massachusetts Platform for Legislative Engagement (MAPLE), a platform that facilitates legislative testimony, tells InformationWeek via email. “While the development of social media created an array of significant harms, we have an opportunity to ensure that AI technologies are deployed to drive economic opportunity and growth, while also strengthening our civic capacities and the resilience of our democracy.”  More Change Ahead   Given the speed with which AI is moving, policymakers are hard pressed to keep up.   “Yet, I believe global policymakers, especially through constructive industry engagement and events like the AI Action Summit that present an opportunity for dialogue, are advancing with the best intentions on behalf of their public and economic interests,” says Bradshaw.  Related:GenAI Implementation: 3 Boxes Retailers Must Check What the change ahead looks like could be hard to predict, but there are areas to watch.  For example, Reymond was invited to the summit to speak about quantum computing and AI. “It’s a clear signal that now AI and quantum are linked, and people recognize that,” he says.  Reymond anticipates that quantum could take a great leap forward in the next few years. “It could be a moment two to three years away, and it will have the same impact that ChatGPT [did],” he says. “And I think that the [governments] should be ready.”  When the next global AI summit arrives, to be hosted in India, world leaders and technology stakeholders will be facing the same big questions about AI leadership, its value, and its safety but just how much the technology has changed by then and how it will reshape the answers to those questions remains to be seen. source

By Daniel Garrie ( February 13, 2025, 5:47 PM EST) — The attorney-client privilege is a cornerstone of legal practice, designed to foster open and honest communication between clients and their attorneys. However, for in-house counsel, navigating the complexities of this privilege can present significant challenges…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as Daily newsletters Expert analysis Mobile app Advanced search Judge information Real-time alerts 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial. source

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More AI will match the collective intelligence of “a country of geniuses” within two years, Anthropic CEO Dario Amodei has warned in a sharp critique of this week’s AI Action Summit in Paris. His timeline — targeting 2026 or 2027 — marks one of the most specific predictions yet from a major AI leader about the technology’s advancement toward superintelligence. Amodei labeled the Paris summit a “missed opportunity,” challenging the international community’s leisurely pace toward AI governance. His warning arrives at a pivotal moment, as democratic and authoritarian nations compete for dominance in AI development. “We must ensure democratic societies lead in AI, and that authoritarian countries do not use it to establish global military dominance,” Amodei wrote in Anthropic’s official statement. His concerns extend beyond geopolitical competition to encompass supply chain vulnerabilities in chips, semiconductor manufacturing and cybersecurity. The summit exposed deepening fractures in the international approach to AI regulation. U.S. Vice President JD Vance rejected European regulatory proposals, dismissing them as “massive” and stifling. The U.S. and U.K. notably refused to sign the summit’s commitments, highlighting the growing challenge of achieving consensus on AI governance. Anthropic has positioned itself as an advocate for transparency in AI development. The company launched its Economic Index this week to track AI’s impact on labor markets — a move that contrasts with its more secretive competitors. This initiative addresses mounting concerns about AI’s potential to reshape global employment patterns. Three critical issues dominated Amodei’s message: maintaining democratic leadership in AI development, managing security risks and preparing for economic disruption. His emphasis on security focuses particularly on preventing AI misuse by non-state actors and managing the autonomous risks of advanced systems. Race against time: The two-year window to control superintelligent AI The urgency of Amodei’s timeline challenges current regulatory frameworks. His prediction that AI will achieve genius-level capabilities by 2027 — with 2030 as the latest estimate — suggests current governance structures may prove inadequate for managing next-generation AI systems. For technology leaders and policymakers, Amodei’s warning frames AI governance as a race against time. The international community faces mounting pressure to establish effective controls before AI capabilities surpass our ability to govern them. The question now becomes whether governments can match the accelerating pace of AI development with equally swift regulatory responses. The Paris summit’s aftermath leaves the tech industry and governments wrestling with a fundamental challenge: How to balance AI’s unprecedented economic and scientific opportunities against its equally unprecedented risks. As Amodei suggests, the window for establishing effective international governance is rapidly closing. source

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The Consumer Financial Protection Bureau’s January guidance to state enforcers has fresh significance as the Trump administration moves to freeze the bureau’s work, and industry should expect states to use this series of recommendations as an enforcement road map, say attorneys at Brownstein Hyatt. source

Evoto 新鴻基地產發展有限公司(新地)秉承多年來發展區域性地標的豐富經驗，於西沙打造全新矚目地標西沙綜合發展項目，集住宅、運動、娛樂、商場、休閒於一身，除建有全新運動商業綜合體「西沙 GO PARK」外，更建有新地歷來最大型私人住宅發展項目。新地為第 1A(2)期住 宅發展項目隆重命名為「SIERRA SEA」，並公布其命名概念，為項目前期軟銷攻勢揭開 序幕。「SIERRA SEA」地理優勢得天獨厚，緊扣港鐵大學站及烏溪沙站，面迎海景，背靠連綿山脈，盡享歡欣寫意傍海健康生活與鐵路的便捷精彩。項目享有低密度環境及高私隱度，締造寬廣開揚的生活空間，配合商場及運輸交匯處完善的社區生活配 套，傲人發展前景不言而喻，勢必成為市場熱切期待的焦點。 新地副董事總經理雷霆表示： • 集團未來10個月部署推售6個樓盤，將於月底率先推售天水圍YOHO WEST PARKSIDE（525伙），緊接上半年會推出啟德天璽‧海第2A期（43伙），天璽‧天第2期（584伙），及西沙項目第1A(2)期SIERRA SEA（781伙）。而下半年籌備推售屯門NOVO LAND第3A期（534伙），另上水古洞項目第1期（約700伙），將於年尾登場，集團推盤頻密，繼續月月有樓賣。 • 聯儲局雖暫未減息，農曆新年後，香港銀行同業拆息下調中，相信今年按息下調趨勢不變。此外，過去兩至三年可見內地專才租樓需求大，租金受支持，料「供樓抵過租樓」的情況將會更加普遍，吸引更多租客及投資者入市。 • 政府推出提振經濟措施後，股市及市場氣氛回升，能大大提升置業者信心。 新地代理執行董事陳漢麟表示： • 「SIERRA SEA」預計關鍵日期為2025年12月1日，預計今年年底可供買家收樓入伙，相信備受市場歡迎。 • 整個西沙綜合項目已投入運作近半年，周邊及交通配套成熟和齊全，現有3條巴士線可接駁港鐵大學站及烏溪沙站。 • GO PARK自1月22日開幕後，非常受市民歡迎，對項目整體環境及配套讚不絕口，集團對整個西沙全新大型海岸綜合發展項目十分有信心。 • 「SIERRA SEA」將以樓花形式發售，樓花期約10個月，示範單位將設於九龍站ICC，現時項目的準備功夫已如火如荼，正待批預售樓花同意書，未來將加緊公佈更多項目訊息讓公眾了解項目優勢，期望最快下月推售。 LinkedIn Email Facebook Twitter WhatsApp The post 新地西沙全新大型海岸綜合發展項目第 1A(2)期正式命名為「SIERRA SEA」 appeared first on VeriMedia. source