Startups to face hiring challenges following independent contractor rule
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The Big Story: Bipartisan legislation to build AI resource for startups, researchers. A recently introduced bill would create government AI resources for startups and bolster needed talent in the field. The bipartisan bill—the Creating Resources for Every American To Experiment with Artificial Intelligence Act of 2023 (CREATE AI Act)—formally establishes the National Artificial Intelligence Research Resource (NAIRR) which will provide compute, datasets, and educational resources for startups, students, and academics. The legislation comes amid rapid growth of AI technology and will improve the competitiveness of U.S. startups.
Startup News Digest 07/28/23
The Big Story: Senate advances bills requiring user data collection, limiting legal content online. This week, the Senate Commerce Committee advanced two bills that carry serious risks for cybersecurity, user privacy, and third-party content available on startups’ services. The legislation, the Kids Online Safety Act (KOSA), and the Children and Teens’ Online Privacy Protection Act (COPPA 2.0), though well-intentioned, will increase costs of compliance, undermine startup competitiveness, and diminish user experience, as we highlighted in a letter ahead of the committee markup.
Startup News Digest 07/21/23
The Big Story: Policymakers threaten successful startup exits, investment. This week, federal agencies released new draft guidelines for merger enforcement that could reduce the number of acquisitions and negatively impact the ability of startups to successfully exit. The new draft guidelines come amid a parallel effort to revise the filing process for larger transactions, adding costs and new burdens to those acquisitions. Taken together, the agencies’ actions are designed to limit acquisitions, which are critical to investment and successful exits in the startup ecosystem.
