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It is forecasted that there will be a nearly 10% increase in global tech spending, largely driven by AI, according to this study by Gartner. Total tech spending is expected to be $5.61 trillion in 2025. Data center system spending is expected to increase by more than 23%.
CIO Dive | CIOs brace for price hikes this year as IT budgets grow
Fortune 500 company CEOs were asked about the risk of AI. 281 companies of the Fortune 500 cite AI as a risk in their 2024 annual reports. That’s a 473.5% increase from 2022. @MITSloan
TechCrunch says Mark Cuban is looking to fund a TikTok alternative built off BlueSky, the twitter alternative.
Under Virginia’s House Bill 2121, AI developers would be required to document their technology’s origin and history of development and make that information publicly accessible.
Other Virginia AI bills include HB 2094, that creates requirements for developing, deploying and using high-risk artificial intelligence systems and civil penalties for noncompliance, and HB2250 that would allow consumers to authorize a company to opt out of allowing others to use their personal information.
Route Fifty | These bills would regulate high-risk artificial intelligence use in Virginia
The largest data breach in U.S. history occurred at the end of 2024 and was of an education software company. According to TechCrunch, hackers were able to access student addresses, Social Security numbers, grades and medical information on the platform.
California has enacted a law that prohibits the use of AI in health insurance decisions. SB 1120 (2024 | CA) prohibits health insurers from making determinations based solely by AI. State health insurers were denying coverage about 25% of the time before this law was enacted. This bill grants state regulators the discretion to fine insurance companies and determine the amounts owed for violations, such as missed deadlines or improper use of AI.
Governing | California Law Blocks Health Insurers From Denying Claims Through AI
Legislation in California proposes warning labels for social media. Surgeon General has also called for warning labels on social media because of the risk to mental health. AB 56 (2025 | CA)
During the holiday season, New York Governor signed SB7543B (2024 | NY). The bill known as the LOADinG Act, creative capitalization included, covers AI use by governmental entities in NY. The big picture is that NY is calling for disclosure of AI use by governmental entities and requires human review of any AI generated information.
BIOMetric Update | New York governor signs legislation addressing AI, consumer data protection
Georgia’s Senate Study Committee on Artificial Intelligence recommends:
Comprehensive AI Policies for Public Entities: The committee recommends every state agency and local government develop policies addressing ethical use, data privacy, and human oversight in AI applications.
Support for Education and Workforce Development: Initiatives include AI-focused pathways in K-12 schools, expanded upskilling programs for Georgia’s workforce, and the development of AI integration plans for higher education systems.
Public Safety and Healthcare Enhancements: The report emphasizes AI’s role in improving emergency response efficiency and healthcare outcomes, particularly in underserved areas.
Promoting Responsible Innovation: Measures include encouraging transparency in AI systems, establishing liability standards for AI products, and ensuring protections against the misuse of deepfake technology.
The Georgia Virtue | Committee on AI unanimously approves recommendations, encourages use
” The FBI has been investigating a longtime Exxon Mobil consultant over the contractor’s alleged role in a hack-and-leak operation that targeted hundreds of the oil company’s biggest critics, according to three people familiar with the matter.”
What is happening? This story begins way back in 2015 and the hacked materials are still being used in litigation. Reuters