- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-09-14T18:55:00
Federal lawmakers shined a spotlight on artificial intelligence (AI) this week, raising the possibility that Congress will—eventually—legislate some controls on the burgeoning technology.
The rapid integration of AI into most sectors of the economy and life in general, including education and social media, has sparked high concern among many. The wide popularity of Open AI’s generative AI chatbot ChatGPT, launched 10 months ago, has escalated calls globally to place controls on that specific technology and others like it.
The European Union is set to finalize by the end of this year its AI regulation, which is based on the potential risks posed.
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Microsoft published a public report covering its artificial intelligence endeavors and steps it is taking to make the controversial technology safe.
It’s all hands on deck at the White House to put into motion the dozens of directives in President Joe Biden’s executive order on artificial intelligence, according to Nik Marda, chief of staff for the Technology Division in the Office of Science and Technology Policy.
Companies need to be aware of the legal risks and liabilities associated with their use of AI-based technologies, as technology firms are not the only ones in regulators’ sights, a panel of experts discussed at Compliance Week’s Europe conference in London.
The Consumer Financial Protection Bureau has issued a proposed rule aimed at protecting the privacy of the public when using novel digital payment systems, such as those offered by large technology platforms and video gaming companies.
Banks and other lenders will be prohibited from using medical debt information in credit reports, under a new rule finalized by the Consumer Financial Protection Bureau, the agency said.
New rules on cyber risk management across the EU put execs firmly in the crosshairs for noncompliance and are likely to apply to a wider range of organizations than many business leaders may initially think. However, there are also concerns that the rules may become muddled across the wide bloc. ...
