Tag: Regulatory scrutiny
Microsoft withdraws from OpenAI board amidst regulatory review – What it means
Microsoft has decided to step down from its observer seat on the OpenAI board due to regulatory reviews surrounding generative artificial intelligence in Europe and the U.S. This decision was communicated to OpenAI by...
Ensuring Compliance: Citigroup, JPMorgan Chase, Goldman Sachs, Bank of America Face Regulatory Scrutiny
Banking regulators recently raised concerns about the resolution plans of four major American lenders. The Federal Reserve and the Federal Deposit Insurance Corp. reviewed the living wills of Citigroup, JPMorgan Chase, Goldman Sachs, and...