{{item.title}}
{{item.text}}
{{item.title}}
{{item.text}}
Building trust in technology is complex work. Regulators and policymakers — keen to build new guardrails for a digital society — stand on largely unfamiliar ground. They often take different, sometimes contradictory, approaches because they have different missions and visions. At the global level, regulatory divergences reflect profoundly different value systems.
Through Next Move, PwC's monthly publication, we provide context to policy and regulatory developments in technology and offer guidance on how organizations can adapt.
A recent executive order, proposed rule and legislative bill would limit biotech transactions with certain foreign entities. These actions reflect growing concerns about national security risks in the sector. US biotech companies should review these developments against current business relationships to assess potential compliance and supply chain impacts.
The FCC expanded its data breach notification rule for telecom, VoIP and TRS providers to better protect sensitive customer information. The changes could represent a heavy compliance lift, especially for mid-market carriers with smaller teams. Affected companies should follow six steps to bolster their data-security and incident-response capabilities.
Colorado's AI regulation for life insurers offers a practical roadmap for establishing governance over AI adoption in all products, jurisdictions and even sectors. Insurers and other companies should consult this regulation, as well as industry guidance, for direction on their AI governance and compliance readiness.
In October, the Biden administration issued its long-awaited executive order on artificial intelligence (EO on AI) — a big step towards defining how the fast-moving technology will be used and regulated.
The EO calls for new standards, funding, training and enforcement to mitigate AI risks, while also paving the way for widespread adoption. To prepare, companies must understand the EO’s potential direct and secondary impacts, identify gaps and opportunities and address risk.
EU member state representatives unanimously approved the AI Act, setting the stage for its formal adoption in April. The approved language reflects a range of new provisions hammered out since the December compromise agreement. Providers, deployers, importers and distributors of AI systems in the EU market should begin preparing for compliance now.