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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-04-11T19:10:00
With generative artificial intelligence (AI) tools coming to the forefront, companies are confronting the question of how to safely and effectively use OpenAI’s ChatGPT, Microsoft’s new ChatGPT-powered Bing, and Google’s Bard.
If your firm implements other AI tools like algorithms that sift massive data sets or frameworks to vet the value of a digital acquisition, you’ve already got a template. It’s just a matter of asking the right questions.
Generative AI is a type of technology that can take actions from past data with the ability to create “brand-new content—a text, an image, even computer code—instead of simply categorizing or identifying data like other AI,” Reuters reported.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
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2024-06-07T21:51:00Z By Aaron Nicodemus
Warning of an “eventual reckoning” on artificial intelligence use by financial institutions, the acting head of the Office of the Comptroller of the Currency said the industry should learn lessons on how similar disruptive technologies evolved from being helpful to dangerous.
2023-05-02T19:30:00Z By Adrianne Appel
The Federal Trade Commission is closely tracking company use of artificial intelligence tools for possible rule violations involving deception, discrimination, excessive manipulation, or unfairness.
2023-04-26T15:23:00Z By Neil Hodge
Scrutiny into ChatGPT has reignited concerns the General Data Protection Regulation is either stifling innovations in technology or that the legislation is not flexible enough to keep pace with technological advances. Experts weigh in.
2024-07-24T17:54:00Z By Neil Hodge
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
2024-07-15T16:45:00Z By Jeff Dale
The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
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