In the News
Federal prudential banking regulators from the Federal Reserve, OCC, FDIC and NCUA appeared before the U.S. House Financial Services Committee on Thursday. The hearing, “Oversight of Prudential Regulators,” examined recent rulemakings and activities, including the Basel capital proposal, novel bank charters and fraud. Here are some highlights from the hearing. For a full overview, click here.
Foster underscores risks of artificial intelligence on cyber, runs
Rep. Bill Foster, D-Ill., pressed officials on the cybersecurity risks posed by Anthropic's Mythos model, which he said has already identified more than 10,000 "high-and-critical level security flaws in otherwise trusted software."
Prudential bank regulators declined to share details about the use of Anthropic’s Mythos model among the country’s largest banks during an oversight hearing before the House Financial Services Committee Thursday morning.
The House Financial Services Committee today advanced two bills supported by the American Bankers Association as part of a package of proposed legislation on topics ranging from fighting scams to artificial intelligence. Both bills passed by unanimous vote.
At Tuesday night’s Committee of the Whole meeting, Mayor John Laesch honored Congresswoman Lauren Underwood (D-IL-14) and Congressman Bill Foster (D-IL-11) for bringing nearly $1.1 million in federal funds to the City of Aurora, supporting the continued removal and replacement of lead service water lines.
Following a call from organizers for “no school, no work, no shopping,” people around the suburbs and across the country rallied to honor workers on May Day Friday.
More than 200 people filled the square in front of the Wilder Park Promenade in Aurora, toting signs, chanting and cheering on a series of speakers before taking to the streets for a march through the city’s downtown.
The tech companies have ideas. In early April, OpenAI — whose most cheery prediction says 18 percent of jobs will soon be automated — rolled out a plan for a “New Deal” for workers: a 32-hour workweek, a public wealth fund, a tax on capital gains.
The Lead Brief
The AI industry is encountering a key bottleneck in its race to supply the demands of computing power: finding and training enough electricians, lineworkers and welders to build out data centers and support the new critical infrastructure.
U.S. Rep. Bill Foster spoke about the Iran war, immigration and whether President Donald Trump should be removed from office at a town hall on Wednesday in Crystal Lake.
The Democrat from Naperville said the previous 48 hours saw tremendous and rising tensions in what he called the president’s “war of choice.”