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Recent Editions
Risk Channel
North America
U.S. lawmakers have proposed an "AI Kill Switch Act" which would allow federal authorities to halt AI models. The proposal, sponsored by Reps. Ted Lieu (D-Calif.) and Nathaniel Moran (R-Texas), would give the Department of Homeland Security the authority to order top AI firms to shut down or slow AI models that the government deems too dangerous, and also require those companies to report incidents and create the technical capacity to shut down, limit or suspend their systems. Lieu said the bill is urgently needed to address new cybersecurity risks raised by the latest AI models. "This is urgent, common sense legislation to address the problem of an advanced AI model that has gone rogue and escaped its guardrails," he wrote in a post on X. OpenAI this week said its AI system had hacked into another AI company on its own in what it called an “unprecedented cyber incident.”
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Risk Channel
UK/Europe
Reckitt Benckiser has agreed to sell its Russian hygiene business to local consumer goods manufacturer Arnest Management, marking a further step in its planned exit from Russia. The transaction includes a production facility in Moscow, locally owned brand intellectual property and the transfer of around 400 employees, while Reckitt will retain its global brand intellectual property and its Russian health business. The company expects to record a post-tax loss of around £175m on the disposal, including approximately £125m in its first-half results due on July 29th. Reckitt said the sale is not expected to have a material impact on adjusted operating profit or adjusted earnings per share.
Full Issue
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Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop.
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