New York state government agencies will have to conduct reviews and publish reports that detail how they're using artificial intelligence software, under a new law signed by Gov. Kathy Hochul. Hochul, a Democrat, signed the bill last week after it was passed by state lawmakers earlier this year. The law requires state agencies to perform assessments of any software that uses algorithms, computational models or AI techniques, and then submit those reviews to the governor and top legislative leaders along with posting them online. It also bars the use of AI in certain situations, such as an automated decision on whether someone receives unemployment benefits or child care assistance, unless the system is being consistently monitored by a human. State workers would also be shielded from having their hours or job duties limited because of AI under the law. State Sen. Kristen Gonzalez, a Democrat who sponsored the bill, called the law an important step in setting up some guardrails in how the emerging technology is used in state government.Disinformation, fake news strong enough to disrupt society: Shah
Republicans have dealt a pair of stinging rejections to President-elect Donald Trump over the past week, a sign of how Trump’s immediate lame-duck status could limit his influence despite his enormous sway over the GOP’s most dedicated voters. There’s little doubt Trump, like any president, remains the leader of his party, and is certain to have a mostly unified GOP rooting for him as he pushes for tax cuts for the wealthy, conservative judicial appointments and assaults on democratic norms. And there have long been limits to how far Republicans would actually go in service of a man many of them privately find ridiculous even as they lavishly praise him in public. But the two prominent rejections in the past week ― Florida Gov. Ron DeSantis resisting Trump’s entreaties to his daughter-in-law, Lara Trump, to Florida’s open Senate seat and more than three dozen House Republicans denying his request to include a debt ceiling hike in a government funding bill ― show how Trump lacks the power to simply dictate the GOP’s behavior in either politics or government, and function as warning signs for Trump allies hoping for seamless enactment of his agenda, from his plans for a complex piece of tax legislation to his vision for trillions in spending cuts engineered by Elon Musk. Sen. Mike Rounds (R-S.D.) told HuffPost the GOP would obviously remain by Trump’s side, but noted some of his requests ― like a debt ceiling hike ― simply aren’t feasible. “I think he’s going to continue to lobby, and I think they respect the fact that he’s the incoming president of the United States, and they all want to have a good relationship with him, but they also know that certain things are doable and some things are not doable, and in the political process, there is no way at this stage of the game to effectively address the debt ceiling,” he said. “And so it was a matter of we do the best we can, and we’re all on the same team.” “We want to make things work out, right?” Rounds said. Trump’s demand that Republicans add a debt ceiling provision to their government funding bill tanked House Speaker Mike Johnson’s initial legislation, but set up a standoff that he wound up losing. Republicans hate raising the debt ceiling, and they weren’t willing to abandon their stubborn position just because Trump wanted them to. Thirty-eight Republicans voted against the legislation that Johnson hastily assembled to placate their leader. The president-elect even threatened to back a primary opponent against Rep. Chip Roy (R-Texas), only to see Roy openly defy him. “My position is simple - I am not going to raise or suspend the debt ceiling (racking up more debt) without significant & real spending cuts attached to it. I’ve been negotiating to that end. No apologies,” Roy wrote on X, tagging Trump to make sure he saw. Trump’s embarrassing defeat at the hands of House lawmakers followed a stiff-arm by Senate Republicans, who refused to support scandal-plagued Matt Gaetz for attorney general, forcing the would-be nominee to withdraw from consideration. In that confrontation, Trump backed down even after threatening to try to go around the Senate and use recess appointments to fill his cabinet. DeSantis’ resistance was less explicit. Lara Trump was never firmly rejected, instead withdrawing her name from consideration on Saturday night. The Washington Post reported Trump had pushed DeSantis to name her to the seat , which will become vacant when Sen. Marco Rubio is presumably confirmed as Trump’s Secretary of State. But when asked about it at a press conference earlier this month, Trump was skeptical he would get his way. “I probably don’t, but I don’t know,” the president-elect said at Mar-a-Lago. “Ron’s doing a good job and that’s his choice. Nothing to do with me.” Trump likely lost leverage over DeSantis when it became clear he was sticking by his troubled nominee for Secretary of Defense, Pete Hegseth, who stands accused of workplace drinking and sexual assault. Trump allies had floated DeSantis as a potential replacement nominee if Hegseth faltered. Former Rep. David Jolly (R-Fla.), a Trump critic, said DeSantis and other Republicans were already looking past the time when Trump ruled the party. “That episode clearly reflects Trump’s lame duck status when it comes to who will be fighting for control of the party starting in December of 2026,” Jolly said. “DeSantis clearly sees Trump as a lame duck with fading currency, and the Florida Governor still has plans to demonstrate his own Republican leadership. Surely DeSantis isn’t alone.” Another prominent Florida GOP consultant noted the “ceiling” of Trump’s ask could also decline in the future. “If there is obvious cognitive decline from Jan. 20, [his problems] will accelerate,” said the consultant, who requested anonymity to speak frankly about his party’s leader. Mike Davis, a former Senate GOP staffer known for his pro-Trump bombast, insisted the president-elect was charging full steam ahead. “Trump forced Biden, a Democrat-controlled Senate, and a barely Republican-controlled House to surrender on their annual end-of-year spending frenzy,” he said. “Trump’s just getting warmed up.” Still, it’s clear there’s also something of an indirect challenger for Trump’s throne atop the GOP. While Trump did not get any of what he requested from House Republicans, his top donor, tech billionaire Elon Musk, did. And Musk’s trillions may be able to power political careers years in the future when Trump’s social media missives have disappeared from the scene. On Jan. 20, Donald Trump will reclaim the most powerful seat in our nation's government. HuffPost will continue to fearlessly report on the new administration — but we need your help. We believe vital information during this unprecedented time should be free for everyone. With your support, we can provide critical news without paywalls. Can't afford to contribute? Support HuffPost by creating a free account and log in while you read. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all. You've supported HuffPost before, and we'll be honest — we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give just one more time or sign up again to contribute regularly, we appreciate you playing a part in keeping our journalism free for all. Already contributed? Log in to hide these messages. Trump, in a speech in Arizona on Sunday, aimed to downplay the idea Musk could somehow supplant him, noting ― correctly, for once in his life ― that Musk is ineligible to be president. “I’m safe. You know why? He can’t be. He wasn’t born in this country,” Trump said jokingly. Related From Our Partner
TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that it has closed its strategic investment (the “Offering”) involving a group of strategic investors led by Antanas Guoga (Tony G) for gross proceeds of $1,400,000. This strategic funding supports Blockmate’s pursuit of industry leadership in blockchain innovation and underscores our commitment to sustainable and transformative technology. In connection with completion of the Offering, the Company has issued 14,000,000 units (each, a “Unit”) at a price of $0.10 per Unit. Each Unit consists of one common share, and one common share purchase warrant exercisable to acquire a further common share at a price of $0.50 until December 23, 2027. All securities issued in connection with the Offering are subject to statutory restrictions on resale until April 24, 2025, in accordance with applicable securities laws. In addition, Tony G has voluntarily agreed to restrict resale of the 10,000,000 Units he acquired in the Offering until December 23, 2025. No finders’ fees or commissions were paid by the Company in connection with completion of the Offering. Incentive Grant The Company also announces that it has granted 5,275,000 incentive stock options (the “Options”), 1,200,000 restricted share units (the “RSUs”) and 5,000,000 deferred share units (the “DSUs”) in accordance with its omnibus incentive plan (the “Incentive Plan”) adopted by shareholders at the annual general and special meeting held on November 23, 2023. 625,000 of the Options vest immediately and are exercisable at a price of $0.21 for a period of thirty-six months. The remaining 5,000,000 Options vest quarterly over a twenty-four month period, and are exercisable at a price of $0.21 for a period of forty-eight months. The RSUs vest and will be settled in common shares of the Company after twelve months. The DSUs vest after twelve months but will only be settled in common shares of the Company upon the departure of the holder from the Company. 2,725,000 of the Options and all of the DSUs exceed the available room under the Incentive Plan. The Company intends to seek approval of shareholders to increase the size of the Incentive Plan at the next annual general meeting and will at that time seek ratification from shareholders for the additional Options and the DSUs. Until such time as shareholder ratification has been received, the additional Options and DSUs will not vest and will not be eligible for exercise or settlement. In the event shareholders elect not to ratify the grant, and room within the Incentive Plan is not available at the time, the additional Options and DSUs will be cancelled. Early Warning Disclosure In connection with the incentive grant, Domenic Carosa, a director of the Company, has been issued 5,000,000 Options and 5,000,000 DSUs. Prior to the grant, Mr. Carosa controlled 17,252,400 common shares, 1,500,000 incentive stock options, and 3,000,000 common share purchase warrants, of the Company, all of which are held by Carosa Corporation B.V., a holding company controlled by Domenic Carosa. The common shares controlled by Mr. Carosa prior to the grant represent approximately 15.1% of the issued and outstanding common shares of the Company. Following the grant, Mr. Carosa has control and direction over 17,252,400 common shares, 6,500,000 Options, 3,000,000 common share purchase warrants and 5,000,000 DSUs of the Company. Assuming the exercise and conversion of all of the Options, share purchase warrants and DSUs controlled by Mr. Carosa, he would have control and direction over 31,752,400 common shares of the Company representing approximately 19.8% of the then outstanding common shares of the Company. Mr. Carosa has acquired the securities for investment purposes and in connection with his compensation as a director of the Company and, as disclosed in the accompanying Early Warning Report, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant. A copy of the Early Warning Report filed with the applicable securities regulators regarding the above acquisition will be available under the profile for the Company on SEDAR+ ( www.sedarplus.ca ). About Blockmate Ventures Inc. Blockmate is a venture creator focussing on building fast-growing technology businesses relating to cutting edge sectors such as blockchain and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download our free passive income app at www.hivello.com ) and Sunified, digitising solar energy. The leadership team at Blockmate have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com/ . Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe . ON BEHALF OF THE BOARD OF DIRECTORS Justin Rosenberg, Chief Executive Officer Blockmate Ventures Inc. justin@blockmate.com (+1-580-262-6130) Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release Forward-Looking Information This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.