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Recent Editions
Risk Channel
North America
James Comer (R-Ky.), chair of the House Oversight and Government Reform Committee, has announced an investigation into a proposal by Delaware to create a new type of autonomous business entity that would be run by an AI agent and enjoy legal personhood like a corporation. Comer wrote in a letter to Gov. Matt Meyer (D): “We are concerned that Delaware’s [Artificial Intelligence Company] proposal could be used to protect powerful AI companies and their investors from responsibility for reckless harmful actions.” The committee is seeking documents from Meyer’s office by Nov. 9, including risk assessments, outside consulting agreements, draft bills and communications on the project. The state’s proposal would create a regulatory “sandbox” to test the structure, including liability limits for parent companies and investors.
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Risk Channel
UK/Europe
The European Union is to propose new rules mandating the bloc's 27 member states to have climate resilience plans in place to deal with average global temperatures rising 3C above pre-industrial levels by the end of the century. Members will be required to have national plans for how they will adapt by end-2030. Climate change “is threatening to increasingly undermine Europe’s social and territorial cohesion,” said a draft document, which added: “Climate resilience is becoming increasingly relevant.” Bloomberg notes that Europe is the fastest warming continent and could see average temperatures rise up to 5C by the end of the century.
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