AI Regulation Advancing in EU, TX’s $1.4B Effort to Lure Microchip Industry & More

EU Lawmakers Advance Landmark AI Rules

The European Union’s Parliament approved the AI Act, which could become the first comprehensive regulations for the artificial intelligence industry in the West. Among other things, the act would require generative AI systems like ChatGPT to undergo a review before being commercially released and ban real-time facial recognition. The act has a long way to go before becoming law, with the next step being obtaining approval from EU institutions, including the EU’s 27 member states. (CNBC)

TX Pours $1.4B into Microchip Industry Incentives

Texas Gov. Greg Abbott (R) signed a bill (HB 5174) allocating $1.4 billion for microchip research and manufacturing initiatives to attract the industry to the state. Samsung and Texas Instruments have already committed to building new facilities there. (PLURIBUS NEWS, TEXAS TRIBUNE, STATE NET)

U.S. House Antitrust Committee Gets More Tech-Dovish Top Dem

Democrats in the U.S. House selected Rep. Lou Correa (D-CA) as the new ranking member of the Judiciary Committee’s Subcommittee on the Administrative State, Regulatory Reform and Antitrust. Correa opposed a package of bills targeting large tech companies last session. The subcommittee’s previous ranking Democrat, Rep. David Cicilline (D-RI), was a lead supporter of that legislation. (LAW360)

–Compiled by SNCJ Managing Editor KOREY CLARK

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