H.R. 10262, known as the "Analysis and Improvement Act of 2024" or the "AI Act of 2024", requires various financial regulators in the United States to study the benefits and risks of artificial intelligence (AI) in the financial sector. These studies will evaluate how AI is...
Simple Explanation
The "AI Act of 2024" is a plan to have money bosses look at how computers can help with money. They want to make sure using computers is safe and fair for everyone.