Latest News
Vero AI Publishes Report Identifying Trends in AI and Data Privacy Legislation, Supporting Enterprises in Compliance Planning
Emerging AI Regulations: Non-Negotiable Guidelines for Businesses to Mitigate Bias and Maximize AI Investment
Vero AI, an innovative analytical engine and scoreboard that helps enterprises harness the potential of advanced technology, including artificial intelligence, while minimizing risk, has released a groundbreaking industry-agnostic report. Titled “Regulating the Future: Responsible AI Legislation Trends and Predictions,” the report explores key trends in current and emerging AI legislation, emphasizing the need for businesses to stay informed about regulatory changes to ensure compliance, foster responsible AI practices, and conduct regular assessments to maintain adherence to standards.
Navigating AI and Data Privacy Regulations
The report provides an extensive review and analysis of 70 state and federal regulations from September 2018 to May 2024, helping enterprises navigate the evolving landscape of AI and data privacy regulations. Vero AI’s in-depth analysis identifies common themes in existing and emerging legislation, such as the necessity for data transparency, documentation of AI safety and security, ensuring fair and unbiased AI use, full disclosure of model limitations, and user consent revocation.
“With AI’s rapid development and adoption, organizations must understand both its business value and associated risks, especially as legislation evolves,” said Eric Sydell, Ph.D., CEO and co-founder of Vero AI. “While some business leaders worry these guidelines will stifle innovation, our report shows that most legislation centers on data privacy, transparency, accountability, and protecting against bias. For companies already practicing responsible AI, compliance should not be burdensome. Adhering to these principles will promote user trust and reliability, paving the way for deployment success.”
AI Legislation: A Call to Action
AI regulations are being introduced at a rapid pace across various states, signaling to U.S. businesses that accountability for their AI systems is imminent, regardless of their location. In addition to state-level laws, federal initiatives like the proposed American Privacy Act of 2024 could impact businesses nationwide. Non-compliance with these regulations can result in hefty fines, penalties, and reputational damage. Given the swift changes in these laws, businesses must not only comply with existing regulations but also anticipate and prepare for future requirements.
Key Trends in AI-Related Legislation
The report identifies several main trends in current AI-related legislation:
- Control Over AI Interactions: Empowering individuals with control over their interactions with AI systems.
- Fairness and Safety: Ensuring AI systems are fair, non-harmful, and equipped with built-in protections.
- Transparency and Access: Requiring organizations to provide detailed information about AI systems to ensure transparency.
- User Data Autonomy: Granting users the power to control their data, with clear consent requirements for data collection.
- Informed Consent: Mandating informed user consent as a fundamental requirement.
Future AI Regulatory Landscape
Looking ahead, the report predicts that ensuring model fairness, providing thorough documentation of system limitations, and communicating clear safety protocols will become even more critical. Safeguards against AI-induced harm and bias will be essential for compliance and building user trust.
Recommendations for Businesses
To stay ahead in this rapidly evolving regulatory environment, organizations should:
- Conduct regular impact assessments for bias and data privacy effectiveness.
- Enhance transparency measures around data collection and model limitations.
- Maintain detailed documentation on model safety and security protocols.
- Allow users to revoke consent as easily as they grant it.
- Ensure fairness and bias-free systems through proactive mitigation efforts.
The Urgency of AI Compliance
Vero AI’s report underscores the urgency of AI compliance. With over 40 states in the U.S. considering hundreds of AI regulation bills, businesses must act swiftly to comply with existing laws and proactively prepare for future legislative requirements. Continuous testing and monitoring of AI systems, guided by principles of transparency, accountability, and responsible standards, are essential for effective implementation and maintaining compliance.
In conclusion, businesses must sharpen their focus on AI legislation, prioritize responsible AI practices, and proactively address the regulatory challenges to maximize the return on AI investment and foster user trust.
Source: prnewswire.com
The post Vero AI Publishes Report Identifying Trends in AI and Data Privacy Legislation, Supporting Enterprises in Compliance Planning appeared first on HIPTHER Alerts.
HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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View original content:https://www.prnewswire.co.uk/news-releases/coca-celebrates-q2-2024-with-record-breaking-milestones-and-new-launches-302216619.html
VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/stake-and-earn-with-kucoins-innovative-gempool-platform-302216471.html
Latest News
Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
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View original content:https://www.prnewswire.co.uk/news-releases/trust-wallet-launches-gamified-education-platform-and-loyalty-program-to-enhance-and-reward-web3-learning-302215130.html
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