News list for " oversight board"
The US Financial Stability Oversight Council (FSOC) released its annual report yesterday, in which it noted that stablecoins continue to pose a latent risk to financial stability as they are highly vulnerable to runs in the absence of proper risk management standards. The FSOC said the stablecoin market is highly concentrated, with one company holding around 70% of the total market capitalization of the sector. Although the FSOC did not specify which company, it warned that if "the company's" ma...
On May 28th, OpenAI formed a committee led by Sam Altman to evaluate the safety and safeguards of its artificial intelligence models. The governance change comes just weeks after the executive responsible for the field resigned and the company disbanded its internal team. The new committee will spend 90 days evaluating the safeguards for OpenAI technology and then submit a report. Following a full board review, OpenAI will publicly share the recommended updates that have been adopted in a manner...
