New GOP bill would protect AI companies from lawsuits if they offer transparency
Lummis' bill, the Responsible Innovation and Safe Expertise Act, seeks to clarify that doctors, lawyers, financial advisers, engineers and other professionals who use AI programs in their decision-making retain legal liability for any errors they make — so long as AI developers publicly disclose how their systems work.
'This legislation doesn't create blanket immunity for AI — in fact, it requires AI developers to publicly disclose model specifications so professionals can make informed decisions about the AI tools they choose to utilize,' Lummis, a member of the Commerce Committee, said in a statement first shared with NBC News. 'It also means that licensed professionals are ultimately responsible for the advice and decisions they make. This is smart policy for the digital age that protects innovation, demands transparency, and puts professionals and their clients first.'
Lummis' office touted the bill as the first piece of federal legislation that offers clear guidelines for AI liability in a professional context. The measure would not govern liability for other AI elements, such as self-driving vehicles, and it would not provide immunity when AI developers act recklessly or willfully engage in misconduct.
'AI is transforming industries — medicine, law, engineering, finance — and becoming embedded in professional tools that shape critical decisions,' her office said in a release. 'But outdated liability rules discourage innovation, exposing developers to unbounded legal risk even when trained professionals are using these tools.'
Exactly who is liable when AI is used in sensitive medical, legal or financial situations is a bit of a gray area, with some states seeking to enact their own standards.
The House-passed 'One Big Beautiful Bill,' which is advancing through Congress and supported by President Donald Trump, includes a provision that would ban states from enacting any AI regulations for 10 years. Senate Republicans last week proposed changing the provision to instead block federal funding for broadband projects to states that regulate AI.
Both Democratic and Republican state officials have criticized the effort to prohibit state-level regulations over the next decade, while AI executives have argued that varying state laws would stifle industry growth when the United States is in stiff competition with countries like China.
This article was originally published on NBCNews.com
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Acquired Lumin Develco Products Acquired Datek Smart Home Daisy Acquired SaaviHome LG Electronics Acquired Athom Resideo Technologies Inc. Acquired Snap Executive Summary: Artificial Intelligence (AI) in Home Automation Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global artificial intelligence (AI) in home automation to Purchase Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies. Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates. Create regional and country strategies on the basis of local data and analysis. Identify growth segments for investment. Outperform competitors using forecast data and the drivers and trends shaping the market. Understand customers based on the latest market research findings. Benchmark performance against key competitors. Utilize the relationships between key data sets for superior strategizing. Suitable for supporting your internal and external presentations with reliable high-quality data and analysis. DescriptionWhere is the largest and fastest-growing market for artificial intelligence (AI) in home automation? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The artificial intelligence (AI) in home automation market global report answers all these questions and many report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider artificial intelligence (AI) in home automation market; and compares it with other report covers the following chapters Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by technology and by application. Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market. Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM). Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country. Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by component, by technology and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market. Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players. Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market. Competitive Benchmarking - Briefs on the financials comparison between major players in the market. Competitive Dashboard - Briefs on competitive dashboard of major players. Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years. Recent Developments - Information on recent developments in the market covered in the report. Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets. Conclusions and Recommendations - This section includes recommendations artificial intelligence (AI) in home automation providers in terms of product/service offerings geographic expansion, marketing strategies and target groups. Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report. Markets Covered:1) by Component: Hardware; Software; Services2) by Technology: Machine Learning; Natural Language Processing; Computer Vision; Other Technologies3) by Application: Voice Assistants; Security and Surveillance; Energy Management; Predictive Maintenance; Other ApplicationsKey Companies Profiled: Google LLC; Apple Inc.; Inc.; Samsung Electronics Co. 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Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)11.13 India Market11.14 India Artificial Intelligence (AI) in Home Automation Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)11.15 India Artificial Intelligence (AI) in Home Automation Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)11.16 India Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)11.17 Japan Market11.18 Summary11.19 Market Overview11.19.1 Country Information11.19.2 Market Information11.19.3 Background Information11.19.4 Government Initiatives11.19.5 Regulations11.19.6 Regulatory Bodies11.19.7 Major Associations11.19.8 Taxes Levied11.19.9 Corporate Tax Structure11.19.10 Investments11.19.11 Major Companies11.20 Japan Artificial Intelligence (AI) in Home Automation Market, 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Russia Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14 North America Market14.1 Summary14.2 Market Overview14.2.1 Region Information14.2.2 Market Information14.2.3 Background Information14.2.4 Government Initiatives14.2.5 Regulations14.2.6 Regulatory Bodies14.2.7 Major Associations14.2.8 Taxes Levied14.2.9 Corporate Tax Structure14.2.10 Investments14.2.11 Major Companies14.3 North America Artificial Intelligence (AI) in Home Automation Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14.4 North America Artificial Intelligence (AI) in Home Automation Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14.5 North America Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14.6 North America Artificial Intelligence (AI) in Home Automation Market: Country Analysis14.7 USA Market14.8 Summary14.9 Market Overview14.9.1 Country Information14.9.2 Market Information14.9.3 Background Information14.9.4 Government Initiatives14.9.5 Regulations14.9.6 Regulatory Bodies14.9.7 Major Associations14.9.8 Taxes Levied14.9.9 Corporate Tax Structure14.9.10 Investments14.9.11 Major Companies14.10 USA Artificial Intelligence (AI) in Home Automation Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14.11 USA Artificial Intelligence (AI) in Home Automation Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14.12 USA Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14.13 Canada Market14.14 Summary14.15 Market Overview14.15.1 Country Information14.15.2 Market Information14.15.3 Background Information14.15.4 Government Initiatives14.15.5 Regulations14.15.6 Regulatory Bodies14.15.7 Major Associations14.15.8 Taxes Levied14.15.9 Corporate Tax Structure14.15.10 Major Companies14.16 Canada Artificial Intelligence (AI) in Home Automation Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14.17 Canada Artificial Intelligence (AI) in Home Automation Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)14.18 Canada Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)15 South America Market15.1 Summary15.2 Market Overview15.2.1 Region Information15.2.2 Market Information15.2.3 Background Information15.2.4 Government Initiatives15.2.5 Regulations15.2.6 Regulatory Bodies15.2.7 Major Associations15.2.8 Taxes Levied15.2.9 Corporate Tax Structure15.2.10 Investments15.2.11 Major Companies15.3 South America Artificial Intelligence (AI) in Home Automation Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)15.4 South America Artificial Intelligence (AI) in Home Automation Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)15.5 South America Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)15.6 South America Artificial Intelligence (AI) in Home Automation Market: Country Analysis15.7 Brazil Market15.8 Brazil Artificial Intelligence (AI) in Home Automation Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)15.9 Brazil Artificial Intelligence (AI) in Home Automation Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)15.10 Brazil Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)16 Middle East Market16.1 Summary16.2 Market Overview16.2.1 Region Information16.2.2 Market Information16.2.3 Background Information16.2.4 Government Initiatives16.2.5 Regulations16.2.6 Regulatory Bodies16.2.7 Major Associations16.2.8 Taxes Levied16.2.9 Corporate Tax Structure16.2.10 Investments16.2.11 Major Companies16.3 Middle East Artificial Intelligence (AI) in Home Automation Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)16.4 Middle East Artificial Intelligence (AI) in Home Automation Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)16.5 Middle East Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)17 Africa Market17.1 Summary17.2 Market Overview17.2.1 Region Information17.2.2 Market Information17.2.3 Background Information17.2.4 Government Initiatives17.2.5 Regulations17.2.6 Regulatory Bodies17.2.7 Major Associations17.2.8 Taxes Levied17.2.9 Corporate Tax Structure17.2.10 Investments17.2.11 Major Companies17.3 Africa Artificial Intelligence (AI) in Home Automation Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)17.4 Africa Artificial Intelligence (AI) in Home Automation Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)17.5 Africa Artificial Intelligence (AI) in Home Automation Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2029F, 2034F, Value ($ Million)18 Competitive Landscape and Company Profiles18.1 Company Profiles18.2 Google LLC18.2.1 Company Overview18.2.2 Products and Services18.2.3 Financial Overview18.3 Apple Inc.18.3.1 Company Overview18.3.2 Products and Services18.3.3 Business Strategy18.3.4 Financial Overview18.4 Inc.18.4.1 Company Overview18.4.2 Products and Services18.4.3 Financial Overview18.5 Samsung Electronics Co. Ltd.18.5.1 Company Overview18.5.2 Products and Services18.5.3 Financial Overview18.6 Panasonic Corporation18.6.1 Company Overview18.6.2 Products and Services18.6.3 Business Strategy18.6.4 Financial Overview19 Other Major and Innovative Companies19.1 LG Electronics Co. Ltd.19.1.1 Company Overview19.1.2 Products and Services19.2 ADT Inc.19.2.1 Company Overview19.2.2 Products and Services19.3 Honeywell International Inc.19.3.1 Company Overview19.3.2 Products and Services19.4 Xiaomi Corporation19.4.1 Company Overview19.4.2 Products and Services19.5 Johnson Controls International plc19.5.1 Company Overview19.5.2 Products and Services19.6 Sansiri plc19.6.1 Company Overview19.6.2 Products and Services19.7 Schneider Electric SE19.7.1 Company Overview19.7.2 Products and Services19.8 Ecobee Inc.19.8.1 Company Overview19.8.2 Products and Services19.9 Legrand SA19.9.1 Company Overview19.9.2 Products and Services19.10 SimpliSafe Inc.19.10.1 Company Overview19.10.2 Products and Services19.11 Arlo Technologies Inc.19.11.1 Company Overview19.11.2 Products and Services19.12 Vivint Smart Home Inc.19.12.1 Company Overview19.12.2 Products and Services19.13 Microsoft Corp.19.13.1 Company Overview19.13.2 Products and Services19.14 Intel Corporation.19.14.1 Company Overview19.14.2 Products and Services19.15 IRobot Corp.19.15.1 Company Overview19.15.2 Products and Services20 Competitive Benchmarking21 Competitive Dashboard22 Key Mergers and Acquisitions22.1 ABB Ltd. Acquired Lumin22.2 Develco Products Acquired Datek Smart Home22.3 Daisy Acquired SaaviHome22.4 LG Electronics Acquired Athom22.5 Resideo Technologies Inc. Acquired Snap23 Recent Developments in the Artificial Intelligence (AI) in Home Automation Market23.1 AI-Powered Instant Home Design for Seamless Visualization and Collaboration23.2 Smart Home Coffee Brewing Redefined With AI-Powered Customization23.3 AI-Powered Smart Lighting and Security for a Connected Home23.4 Revolutionizing Smart Home Cooling With AI-Powered Air Conditioners23.5 AI-Powered Home Energy Optimization for Efficient and Secure Energy Management24 Opportunities and Strategies24.1 Global Artificial Intelligence (AI) in Home Automation Market in 2029 - Countries Offering Most New Opportunities24.2 Global Artificial Intelligence (AI) in Home Automation Market in 2029 - Segments Offering Most New Opportunities24.3 Global Artificial Intelligence (AI) in Home Automation Market in 2029 - Growth Strategies24.3.1 Market Trend Based Strategies24.3.2 Competitor Strategies25 Artificial Intelligence (AI) in Home Automation Market, Conclusions and Recommendations25.1 Conclusions25.2 Recommendations25.2.1 Product25.2.2 Place25.2.3 Price25.2.4 Promotion25.2.5 People26 Appendix26.1 Geographies Covered26.2 Market Data Sources26.3 Research Methodology26.4 Currencies26.5 About the Analyst26.6 Copyright and DisclaimerCompanies Featured The companies featured in this Artificial Intelligence (AI) in Home Automation market report include: Google LLC Apple Inc. Inc. Samsung Electronics Co. Ltd. Panasonic Corporation LG Electronics Co. Ltd. ADT Inc. Honeywell International Inc. Xiaomi Corporation Johnson Controls International plc DeepSeek Preferred Robotics Inc. ZTE Corporation ABB Asea Brown Boveri Ltd. Zigbang Co., Ltd Samsung SDS Lumi United Technology Co., Ltd Xiaomia Haier Group Corporation Lockin Polycab Wires Private Limited Silvan Innovation Labs Blockchain Lock Inc Huawei Alibaba Haier Baidu Inc. Sony Group Corporation Mitsubishi Electric LG KT Corporation SK Telecom Navien UK Athom B.V. APPG Policy Connect Elero GmbH Nice SpA Eve Systems ABB Ltd Thermondo DAKO Sp. z o.o Siemens AG Schneider Electric Honeywell Fibar Group S.A. Bosch Nice Polska ASSA ABLOY Universal Remote Control (URC) Athom Vivint Smart Home Inc Inc Ecobee SmartONE Solutions Myant Inc Smart Cocoon Brilliant Smart Home Positivo Tecnologia Intelbras Somfy Telecom Argentina Tuya Smart Philips Hue Etisalat by e& Z-Wave Middle East Aqara Hisense Tektronix Technologies SoftAtHome GulfNet Solutions Company Limited (GNS) Sound X Perience Airtel VAAL Group Simpletech Haier Smart Home SolarNow For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Artificial Intelligence (AI) in Home Automation Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Associated Press
a minute ago
- Associated Press
Sequans Acquires 1,264 Additional BTC and Now Holds 2,317 BTC
Paris, France--(Newsfile Corp. - July 21, 2025) - Sequans Communications S.A. (NYSE: SQNS), a pioneer in adopting Bitcoin as its primary treasury reserve asset and a leading provider of cellular IoT semiconductor solutions, today announced the acquisition of an additional 1,264 bitcoin for ~$150 million at an average price inclusive of fees of ~$118,659 per bitcoin. As of July 18, 2025 we hold 2,317 bitcoins acquired for ~$270 million at an average price inclusive of fees of ~$116,493 per bitcoin. About Sequans Sequans Communications S.A. (NYSE: SQNS) is a fabless semiconductor company with a Bitcoin treasury. We view Bitcoin as a long-term store of value and intend to strategically accumulate it as our primary treasury reserve asset. Our approach involves acquiring and holding Bitcoin using net proceeds from equity and debt issuances - executed from time to time based on market conditions — as well as cash generated from operations and intellectual property monetization. Sequans is a leading semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. We offer a comprehensive portfolio of solutions, including integrated circuits (IC) of baseband processors and radio frequency (RF) transceivers, modules, software, and protocol stacks. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are purpose-built for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. We also provide advanced design services and technology licensing. We believe our combination of a strategic Bitcoin reserve and deep focus on semiconductor innovation positions Sequans for long-term value creation. Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Singapore, Finland, Taiwan, and China. Visit Sequans at and follow us on LinkedIn and X. Forward-Looking Statements This press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, including, but not limited to, with respect to the use of proceeds from the Offering and the Company's bitcoin treasury strategy and the exercise of the common warrants for cash prior to their expiration. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements also often use words such as 'anticipate,' 'committed to', 'target,' 'continue,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'goal,' 'believe,' 'hope,' 'aims,' 'continue,' 'could,' 'project,' 'should,' 'will' or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors it believes appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement. Forward-looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, potential adverse reactions or changes to business relationships resulting from the completion of the Qualcomm transaction or the Offering. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces, including tariffs and trade wars. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans' filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2024, subsequent filings on Form 6-K and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law. Contacts Sequans investor relations: David Hanover/Gerrick Johnson, KCSA Strategic Communications (USA), +1 212.682.6300, [email protected] Sequans media relations: Linda Bouvet (France), +33 170721600 [email protected] To view the source version of this press release, please visit