DC daily roundup: Michael Saylor’s $40M tax tab; AI governance automated; Biden vetos crypto bill

AI to track AI compliance

Trustible’s Policy Analyzer aims to help companies avoid violating current artificial intelligence governance and policy. Companies can upload an existing AI policy document or choose one of the templates the Rosslyn-based company created. From there, users can select a specific regulation or guideline, like the EU AI Act or the National Institute of Standards and Technology’s AI Risk Management Framework.

These regulations, often hundreds of pages long, are difficult for the average person to digest, said Andrew Gamino-Cheong, the startup’s cofounder and chief technology officer.

“Some of the people we were talking to, they were trying to write their policies … and trying to figure out … what do I need to do to change my policy from where it currently is into one that’s compliant?” he told me. “That’s actually one of the hardest tasks.”

➡️ Learn more about the new AI tool in my latest report here

Techstars program wraps with local moves

Startups from the latest Techstars Equitech Accelerator, based across the nation from Los Angeles to DC, took the opportunity of last week’s demo day to announce their plans for a greater presence in Baltimore. One founder even revealed her company is now headquartered there.

“Over the three months of the course, as I become entrenched in the community and as we started reaching out to private equity firms here on the ground,” Lydia Ofori of Plainr said, “it became very clear to us that this is the city to build from.”

➡️ Get the details on the cohort in Technical.ly editor Sameer Rao’s latest article.

News Incubator: What else to know today

• The Tysons-based business software company MicroStrategy Inc. and billionaire founder Michael Saylor will pay DC $40 million to resolve a tax fraud lawsuit. It’s the largest income tax recovery in DC’s history. [Washington Biz Journal/Technical.ly]

• The Washington Post’s executive editor Sally Buzbee has stepped down from her post. Matt Murray, the former editor-in-chief of The Wall Street Journal, will step in immediately. The newspaper also announced it will launch a “third newsroom” focusing on “service and social media journalism.”  [Washington Post/Axios]

• The DC-based lobbying group J.A. Green & Co. is raising $100 million to support tech startups focusing on national security. [Bloomberg]

• President Biden vetoed a crypto bill that would have overturned the SEC’s approach to how banks treat crypto assets as liabilities. [TechCrunch]

🗓️ On the Calendar