Government officials are evaluating the benefits and risks of artificial intelligence (AI) as more companies incorporate AI technology into everyday tasks. While AI helps improve productivity and safety, concerns over regulatory compliance and managing risks remain. Industry leaders are working to balance the positive and negative aspects of AI. State governments have taken the lead in enacting rules to protect against potential misuse of AI technology. Measures such as the ELVIS Act in Tennessee aim to safeguard property rights related to vocal likeness. Despite the potential risks, government officials emphasize the importance of establishing safeguards to ensure the safe and secure use of AI technology.
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Unemployment claims rise to highest level in 8 months, signaling slowdown in job market
Initial claims for U.S. unemployment benefits rose to 247,000 last week, the highest in eight months, indicating potential labor market weakness amid tariff concerns. Although overall unemployment filings remain low at 1.9 million, the increase in jobless claims suggests broader workforce shifts, as hiring rates slow and layoffs rise, particularly among large companies like Procter & Gamble and Walmart. The Labor Department's upcoming report is expected to show a decrease in job additions for May,...
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