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Every year, as December winds down and the financial world wraps up for the year, a familiar phrase, Santas rally, returns to trading desks and analyst reports. This seasonal pattern refers to the markets tendency to rise during a specific 7-trading-day window: the last 5 trading days of December, and the first 2 trading days… Source
New York governor Kathy Hochul signed legislation on Friday aimed at holding large AI developers accountable for the safety of their models. The RAISE Act establishes rules for greater transparency, requiring these companies to publish information about their safety protocols and report any incidents within 72 hours of their occurrence. It comes a few months after California adopted similar legislation. But, the penalties aren't going to be nearly as steep as they were initially presented when the bill passed back in June. While that version included fines of up to $10 million dollars for a company's first violation and up to $30 million for subsequent violations, according to Politico, Hochul's version sets the fines at up to $1 million for the first violation, and $3 million for any violations after that. In addition to the new reporting rules, a new oversight office dedicated to AI safety and transparency is being born out of the RAISE Act. This office will be part of the Department of Financial Services, and issue annual reports on its assessment of large AI developers. Hochul signed two other pieces of AI legislation earlier in December that focused on the use of the technology in the entertainment industry. At the same time, President Trump has been pushing to curb states' attempts at AI regulation, and signed an executive order this month calling for "a minimally burdensome national standard" instead.This article originally appeared on Engadget at https://www.engadget.com/ai/governor-hochul-signs-new-yorks-ai-safety-act-220503930.html?src=rss
Faraway road trips just got a lot easier, at least for the passengers. Sony Honda Mobility, the joint venture between the two Japanese conglomerates created to produce electric vehicles, announced that its Afeela EV will come with PS Remote Play. While playing video games in a car may be a niche feature, it means drivers will have something to do when parked, and passengers can chip away at their favorite RPGs during long drives. According to the announcement, the Afeela will be able to run your PS5 and PS4 consoles remotely through the infotainment system's integrated display. You can even grab your DualSense controller from home and get right back into the game after jumping in your Afeela. Sony Honda Mobility said a 5Mbps broadband connection is required to play, and a 15Mbps rate will deliver a smoother experience. It's not the first time we're hearing about PS Remote Play in an EV. The joint venture previously showed off the Afeela 1, which is set for its first deliveries in 2026, and its ability to remotely play PlayStation titles at CES 2024. As for gaming in EVs overall, Tesla famously offered Steam support for its Model S and X, but later removed this feature.This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/sonys-first-ev-with-honda-will-let-you-remotely-play-ps5-in-your-car-202359091.html?src=rss
Gamers who prefer physical copies of their favorite titles may be getting a major win with the Switch 2. In an unexpected announcement from retro video game publisher ININ Games, Nintendo reportedly has "two new smaller cartridge sizes" for its Switch 2 console. For ININ Games, these rumored game cartridges with smaller storage capacity allow the publisher to recalculate production costs and pursue a physical Switch 2 release of its upcoming R-Type Dimensions III. ININ Games later deleted its posts mentioning these smaller Switch 2 cartridges and issued a correction on its website and social media pages. However, the publisher reiterated that R-Type Dimensions III will be released on a physical cartridge, but that "no further technical details regarding cartridge specifications have been officially confirmed." "There has been no official announcement or confirmation from Nintendo concerning cartridge storage capacities," ININ Games said in a statement. "Any references to specific storage sizes should not be interpreted as official information from Nintendo." If we're reading between the lines, ININ Games may have been early to tease a crucial detail about Switch 2 cartridges that Nintendo wasn't officially ready to reveal yet. For more context, Nintendo reportedly only offers physical game cartridges for Switch 2 with a 64GB capacity. With less demanding games like R-Type Dimensions III, that much storage capacity could be unnecessary and raise production costs. Nintendo still hasn't made an announcement about these potential smaller cartridges, but we could see a lot more game publishers opting for physical copies of their upcoming games if they are indeed an option.This article originally appeared on Engadget at https://www.engadget.com/gaming/nintendo/game-publisher-says-cheaper-switch-2-cartridges-are-coming-in-since-deleted-post-191145230.html?src=rss