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compliance
So you can imagine a ton of those regulatory rules were driven by o 07/2008, and a lot of the things that we saw during the great financial crisis or that kind of led up to the great financial crisis. So a lot of regulatory stuff around what you disc
...compliance and property and kind of checking the borrower, there's just this whole constellation of stuff that has to be done. A lot of data sources and a lot of rules. Talk to us a bit more about the rules then. Like, I'm curious how these rules com
the regulators are gonna give you a pretty hard look, and they're gonna give you a hell of a harder look than they gave us. And that's that's not because, you know, there's a difference in the nature of regulation or the nature of the license. It's j
And, in fact, many of us do, and that's not regulated. That's not inspected by any government agency, and I think that's a major concern. On the safety side, I would love to see that too. There's, you know, lots of best practices from the industrial
I mean, fed federal regulation is absolutely necessary. There there's there's no way this industry can move forward in the way that it it currently is situated. So, with the NHTSA meetings, you know, earlier this week, I think that was a really good
is a question I can't figure out a definitive answer for. I know Waymo discloses their aggregate stats today, and that's required by California and Arizona or not? Yeah. There's a little bit of nuance there. So in Please. Different states have differ
And actually it's no it isn't because in the natural thing for regulatory agencies is say, I I get penalized every time an error happens and I get no upside for things working more efficiently or working more on target or anything else. So I just thr
in terms of technology adoption relative to their public markets peers? And we wanted to make sure we had a lot of confidence in our answers to those questions. So we made sure we were starting a company for a good reason and that we were gonna be fo
Google, Meta, OpenAI, XAI, and Anthropic. Basically, all that I think these would apply to at least right now because you need to have 100,000,000, right, in revenue. You need to have 500,000,000 in revenue and have built a model that's, you know, of
those people who are trying to do fraudulent things with Blockchain, but doesn't eliminate the level of innovation that is needed for, disruption and truly changing the world. So very bullish on EU regulation in general. And, additionally, I would al
SB was a ten forty seven, that was incredibly obtrusive. That Newsom vetoed that, but now they've passed a new one, which is called SB 53. And like you said, it's not as burdensome and intrusive as the previous version. It focuses on making Frontier
consumers' hesitance to use debt and then also, you know, this idea that we might float above any regulatory scheme. So for buy now pay later and for these other products like earned wage access or income share agreements, you know, we were looking a
legit, and maybe trying to catch up with you in in that I mean, look, the the beauty of having the Genius Act. Yeah. Is that it creates a level playing field. It defines a federal law, that you have to come in, not just be audited, but you're regulat
That kind of thing, there's gonna be just one way ratchet on pressure, and we are I think it'd end up with a morning star type report where there's a sort of standard framework for how you think about fees. And, and so I see it going on two different
you know, there there is reporting requirements, right? Like companies need to report if they have any incidents, they have to report how many disengagements they've had. There's, you know, there's not like, there's no standard for, having some kind
They are specifically written in such a way that they say, we need to have oversight. We need to have review. We need to have control over your systems because we get to review them. They don't say, for example, if your AI kills someone, you are goin
He started up this working group that studied what the state should do about AI, and they came back with a bunch of recommendations. They were also tasked with identifying whether the types of risks we were trying to address in October last year were
If you think about over the road trucking, that's gonna be problematic because the trucks are going to go state to state. And so Interstate commerce. Exactly. It's you pull interstate commerce into place. So at the federal level, it's not just a nice
...compliance and those kind of efforts, It's just higher, you know, by definition as opposed to a private company. Although there is a big push now to see more of that discipline moving into the private sectors to some extent, but it will never be to t
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