Driving The Day

Today is December 11, 2023, and here are the key policymaker and stakeholder actions on AI you need to know: On Friday, EU policymakers reached an agreement on the AI Act. However, the deal still requires the approval of the European Parliament and Council and, even after approval, it will be two years before all of the Act’s provisions are officially applied. In the meantime, the EU wants AI developers to voluntarily self-regulate under a new AI Pact. Meanwhile, investment advisers report the U.S. Securities and Exchange Commission is asking questions about their use of AI, an information gathering process some believe could increase the likelihood of rule-making by the agency. The founding co-directors of a Stanford-based AI institute are calling for a “moonshot mentality” on AI, which they believe requires greater government involvement in the industry’s future.

In this issue:

• Washington in Focus: Two U.S. House committees will hold AI-focused hearings this week.

• Around the Nation: New York partners with a robotics company to pair seniors with AI companions.

• Across the Pond: Microsoft says it’s not an OpenAI shareholder as British antitrust watchdog examines the relationship.

• Global Highlights: South Korea's President Yoon will visit the Netherlands with a focus on semiconductor cooperation.

• Outside Views: Microsoft agrees to union contract terms governing its use of AI.

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