Responsible use cases exist for generative AI in compliance—if you plan carefully
Generative artificial intelligence like OpenAI’s ChatGPT, Microsoft’s ChatGPT-powered Bing, and Google’s Bard have a lot of potential—and risks—that require thorough assessments to implement.
But can—or should—generative AI be used by the compliance department?
Compliance professionals must determine whether any potential uses of generative AI by their employer violate state or federal laws, rules, or regulations. They should insist safeguards be implemented to prevent or detect plagiarism and the improper use of intellectual property, as well as violations of individual privacy.