Italy finance minister warns US stablecoins pose bigger threat than tariffs

Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments. Speaking at an event in Milan, Giancarlo Giorgetti said that while trade tariffs dominate headlines, new US policies on dollar-backed stablecoins…

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AI pioneer Fei-Fei Li warns policymakers not to let sci-fi sensationalism shape AI rules

Fei-Fei Li, the Stanford researcher who also founded World Labs, was invited to the Grand Palais in Paris on Monday to give the opening speech at the Artificial Intelligence Action Summit which is taking place this week. While she shared some of her talking points over the weekend, her stance on AI regulation and the…

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California AI bill SB 1047 aims to prevent AI disasters, but Silicon Valley warns it will cause one

Update: California’s Appropriations Committee passed SB 1047 with significant amendments that change the bill on Thursday, August 15. You can read about them here. Outside of sci-fi films, there’s no precedent for AI systems killing people or being used in massive cyberattacks. However, some lawmakers want to implement safeguards before bad actors make that dystopian…

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