regulation

A senior European official has warned that using Artificial Intelligence (AI) to decide whether to offer a mortgage could lead to discrimination. Margrethe Vestager said this was a more likely risk than dramatic predictions of AI leading to human ... distinction. Vestager is the European Commissioner for Competition. That's a key position as not only is she responsible for competition and antitrust issues across the 27 countries in the European Union, but her work affects businesses around the world that operate in Europe, including tech companies. Talking to the BBC she warned that AI can ... (view more)

Internet hosting providers will have just one hour to remove terrorist content after a government request under new European laws. It's raised fears some sites may get caught up potentially faulty content filters. The law is a European Union ... regulation that will take effect in Spring 2022. It will automatically apply in all European Union countries and will be based on where a website is hosted rather than where its operators are based. A press release announcing the regulation says it covers any content (both text and audio or video) that will "that incite, solicit or contribute to terrorist ... (view more)

Should websites like Netflix pay extra fees to deliver their Internet-based services to the public? The chairman of the Federal Communications Commission (FCC) says no. Tom Wheeler says that broadband should be treated like a utility, such as phone ... services; in doing so, it will help to protect Internet freedoms. Critics, however, suggest that such a plan would be unworkable. Tom Wheeler's announcement has to do with the principle of net neutrality . That's the idea where Internet Service Providers (ISPs) should treat all Internet traffic (except for illegal content) equally. In other ... (view more)

Two Facebook millionaires want US officials to regulate an exchange for buying and selling the controversial "cryptocurrency" Bitcoin. The move follows a scandal when the largest such exchange in Japan went out of business . The Bitcoin currency ... isn't issued by any government or backed by any assets. Instead, each new unit of the currency is created when a computer successfully solves what's effectively a puzzle designed to slowly increase the amount of Bitcoins in circulation. Every time one user pays a Bitcoin to another, a publicly available ledger of transactions is ... (view more)