On 11 September 2024, the US Department of Commerce’s Bureau of Industry and Security (“BIS”) published a proposed rule that would create a mandatory quarterly reporting requirement for US persons and US entities that develop, acquire, or possess advanced artificial intelligence (“AI”) models and computing clusters (“Proposed Rule”).1 This Proposed Rule fulfills the Department of Commerce’s mandate in Section 4.2 of the October 2023 Executive Order on Safe, Secure, and Trustworthy Development an...
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