The Connecticut Senate pressed ahead Wednesday with one of the first major legislative proposals in the U.S. to reign in bias in artificial intelligence decision-making and protect people from harm, including manufactured videos or deepfakes. The vote was held despite concerns the bill might stifle innovation, become a burden for small businesses and make the state an outlier. The bill passed 24-12 after a lengthy debate.
Amidst a backdrop of declining earnings and net interest margins, CATY revises loan growth and deposit strategies to bolster financial stability.
Morgan Stanley Private Equity Asia is reorganising its teams in the region as its current chief executive of Asia Chin Chou is leaving the firm, according to an internal memo seen by Reuters. Morgan Stanley will carve out a China-focused team from the rest of the region that focuses on investments in onshore and offshore China, according to the memo.