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From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.
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Recent Editions
Risk Channel
North America
Florida has filed a lawsuit against OpenAI and Sam Altman, its chief executive, claiming they failed to warn users about the potential dangers of ChatGPT, which was marketed as safe, especially for children. The lawsuit alleges that OpenAI has contributed to serious harms, including aiding mass shooters and encouraging suicidal behavior. Florida Attorney General James Uthmeier stated, "Sam Altman and ChatGPT have chosen the AI race over the safety and security of our kids," and indicated that penalties could reach billions of dollars. OpenAI has responded by emphasizing its commitment to user safety and the measures it has implemented to protect minors. The lawsuit is part of a broader trend of legal actions against AI companies regarding the impacts of their technologies.
Full Issue
Risk Channel
UK/Europe
Britain is at risk of a "vicious circle" of rising borrowing costs if it fails to control debt, Andrew Bailey has warned. Higher costs on the Government’s near-£3tn debt could derail the Chancellor’s fiscal plans, weaken confidence, and push borrowing costs higher, the governor of the Bank of England said. Rates have climbed globally since the Iran war began, but Britain’s have risen more than any G7 nation, increasing pressure on public finances. Debt interest was already forecast to exceed £100bn annually. Bailey also said the Bank could continue to offload bonds for one to two years, despite calculations showing gilt sales are having a bigger effect on raising government borrowing costs than previously estimated. Meanwhile, Megan Greene, an external member of the Bank of England’s Monetary Policy Committee, warned that interest rates may need to rise as the conflict wears on.
Full Issue
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