Senate Majority Leader Schumer unveils strategy to regulate AI amid dire warnings

Senate Majority Leader Chuck Schumer (D-NY) unveiled a legislative framework for regulating artificial intelligence (AI), warning that “Congress must join the AI revolution” now or risk losing its only chance to regulate the rapidly moving technology. Majority Leader Schumer also said that starting in Fall 2023, he would launch a series of “AI Insight Forums” featuring top AI developers, executives, scientists, community leaders, workers, national security experts, and others. Those discussions, he said, will form the foundation for more detailed policy proposals for Congress.

Facebook parent Meta agrees to pay $725 million to settle Cambridge Analytica suit

Facebook parent Meta has agreed to pay $725 million to settle a class action lawsuit that claimed the social media giant gave third parties access to user data without their consent. It is the “largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action,” said Keller Rohrback L.L.P, the law firm representing the plaintiffs. The class action lawsuit was prompted in 2018 after Facebook disclosed that the information of 87 million users was improperly shared with Cambridge Analytica, a consultancy firm linked to former Pre