- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-04-26T18:28:00
Officials at four U.S. agencies warned Tuesday they are prepared to act against bias or discrimination that involves artificial intelligence (AI).
A joint statement issued by Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB); Kristen Clarke, assistant attorney general for the Justice Department’s Civil Rights Division; Charlotte Burrows, chair of the Equal Employment Opportunity Commission; and Lina Khan, chair of the Federal Trade Commission (FTC), said existing laws against discrimination apply to the use of automated systems, including AI.
By issuing the statement, the agencies reiterated their commitment to monitor AI and promote responsible innovation.
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The European Union’s draft law to regulate artificial intelligence must be updated to include overarching controls on chatbots like ChatGPT, a group of European Parliament members wrote in an open letter.
The Federal Trade Commission is keeping close watch on companies that use the term “artificial intelligence” when marketing their products.
The EU’s agency for occupational safety and health released a report examining the risks and opportunities of AI-based worker management systems for employee’s physical and mental wellbeing.
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
A subsidiary of McKinsey & Co. will pay nearly $123 million to the Department of Justice to settle allegations that it bribed officials in South Africa to win consulting contracts.
A defamation lawsuit filed by a whistleblower against USAA, which a Florida judge recently dismissed on a technicality, revealed in public court records an estimated 400,000 violations of the Military Lending Act by USAA Federal Savings Bank (USAA Bank), an indirect wholly owned subsidiary of USAA.
