- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-02-15T17:27:00
The Department of Justice (DOJ) will seek stiffer penalties in cases where the threat of misconduct was greater because of misuse of artificial intelligence (AI), according to the agency’s No. 2 official.
Deputy Attorney General Lisa Monaco addressed the technology in remarks delivered at Oxford in the United Kingdom on Wednesday. She said AI will become a top focus area for the agency’s Disruptive Technology Strike Force, which includes representatives of the Commerce Department’s Bureau of Industry and Security and works to enforce export control laws.
“[W]e need to zero in on AI to make sure it’s not used to threaten U.S. national security,” she said. “So, going forward, that strike force will place AI at the very top of its enforcement priority list. After all, AI is the ultimate disruptive technology.”
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Register for free
Access one free, non-premium article each month.
Complimentary CPE webcasts, resources, and e-Books.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Gurbir Grewal, director of the Securities and Exchange Commission’s Division of Enforcement, laid out general principles for “proactive compliance” to avoid making false or misleading claims about the capabilities of artificial intelligence products and services.
Data center owner Equinix boasts artificial intelligence as a boon to business when power consumption costs related to implementing AI could be detrimental to its profitability, according to short seller Hindenburg Research.
Delphia USA and Global Predictions agreed to pay a total of $400,000 to settle charges by the Securities and Exchange Commission the firms each engaged in artificial intelligence misrepresentations that misled clients about how they were using the technology.
TikTok is suspending new features amid an inquiry by the European Commission into its compliance with the Digital Services Act, all while responding to a U.S. ban just signed into law.
The Czech Republic’s data protection authority issued a fine of 351 million Czech koruna (U.S. $15 million) against antivirus software vendor Avast for alleged violations of the General Data Protection Regulation.
Consolidated Nuclear Security agreed to pay $18.4 million to settle alleged False Claims Act violations regarding the submission of timecards for unworked hours to the National Nuclear Security Administration.
