Meta, Adobe, and Airbnb warn investors about compliance costs and legal risks under the EU AI Act, which imposes strict regulations on AI systems with hefty fines for violations.
California has become the second state after Colorado to extend data privacy protections to brain waves after Gov. Gavin Newsom signed into law SB 1223, amending the CCPA to define neural data as persona-sensitive information, effective immediately.
Several states have enforced legislation that addresses concerns related to misuse of biometric data, but there is still a need for more voice-specific protections to tackle unregulated AI-assisted voice cloning.
The attorneys general are urging Congress to respect the efforts already undertaken by states to provide strong privacy protections for their residents.
Change Healthcare suffered a devastating ransomware attack earlier this year, forcing it to shut down its systems, leading UnitedHealth Group to pay a $22M ransom.
Colorado has classified consumer brain waves as "sensitive data" under the Colorado Privacy Act, setting a precedent for data privacy in neurotechnology.
A total of 15 states have taken action to protect consumers’ personal data and regulate businesses’ use of this data. The latest states are Texas, Oregon, and Montana.