CFTC Advisory Committee Makes Recommendations to Address AI Use in Financial Sector

The Technology Advisory Committee of the Commodity Futures Trading Commission has made five recommendations to address the impact of artificial intelligence on the financial market. In the “Report on Responsible AI in Financial Markets,” the committee disclosed several findings, including the importance of having appropriate industry engagement and relevant guardrails to ensure potential vulnerabilities associated […]

Posted on May 6, 2024 by Brianne Monterey

White House: Urgent Action Needed on R&D Infrastructure

A new report by the National Science and Technology Council subcommittee on research and development infrastructure identifies limitations in federal research and development infrastructure. The report, released by the Office of Science and Technology Policy, cites inadequate funding and outdated systems as key factors limiting the capabilities of federal research facilities and hindering agencies’ ability […]

Posted on May 6, 2024 by Xavier Dolan

IRS Modernization at Risk as Funding Dries Up

The Internal Revenue Service has reported progress in modernizing its technology, but a funding shortage threatens to derail its efforts. The IRS faces a funding shortfall as resources allocated by the Inflation Reduction Act for digital modernization initiatives are expected to run out in fiscal year 2026, FedScoop reported. To maximize progress before the funding […]

Posted on May 6, 2024 by Xavier Dolan

Commerce Department Unveils CHIPS Women in Construction Framework to Expand Workforce

The Department of Commerce has launched the CHIPS Women in Construction Framework, an initiative designed to boost female participation in semiconductor construction projects funded by the Creating Helpful Incentives to Produce Semiconductors program. The initiative aligns with Commerce Secretary Gina Raimondo’s broader Million Women in Construction program, which aims to double the number of women […]

Posted on May 3, 2024 by Xavier Dolan

CFTC Appoints Ted Kaouk as Chief Artificial Intelligence Officer

The Commodity Futures Trading Commission has named Ted Kaouk as its first chief artificial intelligence officer. His appointment expands his existing responsibilities as the CFTC’s chief data officer and director of the data division. In his new role, Kaouk will be in charge of developing an enterprise data and artificial intelligence strategy to improve data-driven […]

Posted on May 3, 2024 by Lauren Grey

ChatGPT Banned on NARA Systems Due to Data Risks

National Archives and Records Administration employees are prohibited from using ChatGPT for work starting Monday. In a memo to employees, Keith Day, NARA’s chief information security officer, cited media reports indicating that the large language models of ChatGPT and other AI services now hold personally identifiable and corporate proprietary information. “If sensitive, non-public NARA data […]

Posted on May 3, 2024 by Lauren Grey

Energy Department Announces New Initiatives in Support of Biden’s AI Executive Order

The Department of Energy has announced a variety of initiatives in support of President Joe Biden’s executive order on the safe, secure and trustworthy development and use of artificial intelligence. Among its new efforts supporting Biden’s AI plan is the VoltAIC project, which aims to use the $13 million grant to develop AI-enabled solutions to […]

Posted on May 1, 2024 by Brianne Monterey

FAA Takes Cautious Approach to AI Adoption Amid Challenges

The Federal Aviation Administration is taking a cautious approach to integrating artificial intelligence into its operations amid the unique challenges it faces with the emerging technology. FAA acting Administrator Polly Trottenberg said that while the FAA continues to face hurdles in deploying AI, it has already started using predictive analysis, machine learning and AI to […]

Posted on May 1, 2024 by Brianne Monterey

National Science Foundation Showcases Quantum Technology Research Projects Before Congress

The National Science Foundation presented its quantum information science and technology research projects before Congress Tuesday in hopes of securing continued funding. The event comes after Congress imposed a budget cut on the NSF for fiscal year 2024, allocating $9.06 billion, which is lower than the 2023 funding level and President Joe Biden’s budget request, […]

Posted on May 1, 2024 by Xavier Dolan

US Proposes $6B Investment in Micron to Build Semiconductor Fabrication Plants

The U.S. government intends to invest $6.14 billion in Micron Technology through the CHIPS and Science Act to support the construction of two semiconductor fabrication plants in New York and one in Idaho. On Thursday, the Department of Commerce and Micron signed a non-binding preliminary memorandum of terms specifying the government’s proposed funding, which will […]

Posted on April 29, 2024 by Lauren Grey

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