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Regulatory agencies emphasize the importance of effectiveriskmanagement and governance in AI implementation, urging financial institutions to manage …
CybersecurityRegulation & PolicyGovernance & Risk ManagementBanking & Finance
Federal agencies have until Dec. 1, 2024, to put “minimum practices” into place to managerisks, with heightened scrutiny given to “safety-impacting …
efficiencies and compliance – particularly in the context of anti-money laundering and fraud detection; and; advice – the development of AI financial …
The Food and Drug Administration's (FDA's) Center for Biologics Evaluation and Research (CBER), Center for Drug Evaluation and Research (CDER)…
HealthcareRegulation & PolicyGovernance & Risk ManagementMarkets & Investment
On March 13, 2024, Members of the European Parliament voted to pass the Artificial Intelligence Act (the “AIAct”), the world's first …
On March 28, the White House Office of Management and Budget (OMB) released guidance on governance andriskmanagement for federal agency use of…
Government & Public SectorRegulation & PolicyGovernance & Risk Management
Lexology...risksor making unfounded claims. Noting AI'stransformational potential as well as itsrisks, NTIA states that strong accountability policies …
Lina Khan, Chair of the U.S. Federal Trade Commission (FTC), has expressed concern about the implications of AI technologies, highlighting therisks …
The Artificial Intelligence(Regulation) Bill received its second reading in the House of Lords, with various issues,risksand, …
Generative Artificial Intelligence(AI) has become a transformative force in many industries, offering unprecedented opportunities for innovation …
President Joe Biden's fiscal year (FY) 2025 budget proposal includes hundreds of millions of dollars allocated towards Executive Branch AI …
In the European Union, the Artificial Intelligence Act (AIAct) envisages arisk-based approach to regulate AI systems, from limited to high-risk AI …
In a speech before the Yale Law School February 2024, SEC Chair Gary Gensler had AI top of mind. Interrupted only by a colorful collection of …
On 13 March 2024, the European Parliament (Parliament) approved the EUArtificial Intelligence(AI) Act. The agreed regulation is expected to be…
HKA, an expert witness and litigation consulting firm, is keeping a close eye on AI in practice, noting where AI has factored into potentialrisks …
Use of AI in employment is considered high-risk AI, categorized as such due to its significant threat to civil rights and the law. For employers, …
Similarly, the increasing reliance onartificial intelligence(AI) in EVs heightens cybersecurityriskby creating the potential for hackers to …
Zhang v. Chen, 2024 BCSC 285 [Zhang] is a landmark decision addressing the misuse ofartificial intelligence(“AI”) tools in a British Columbia …
AI as Efficiency and Dispute Minimisation · Potential uses ofAI· The Regulation of AI in Australia · The Artificial Intelligence: Ethics Framework, …
The lack of AI regulation could introduce numerousriskssuch as: Use Cases and Risk Categorisation – In the EU, fourrisk-based categories have been …
A survey has shown that many executives are failing to take concrete steps to address therisksposed by AI, despite claiming to fully understand the …
Government bodies identified to NAO a range of AI risksas barriers to implementing AI in their organisations. These included legal risks, such as …
Government & Public SectorGovernance & Risk ManagementLegal & Courts
They touch on the EU's recent legislation on AI, categorising AI models based onrisklevels.They explore the current reliance on existing IP laws in …
High-risk AI systems are those that have a significant impact on people's lives or rights, such as biometric identification, recruitment …
Lexology...AI that are dependent on the level ofriskof the particular activity. Significantly, theAIAct states that certainrisksare “unacceptable” for AI …
The Act adopts arisk-based approach in striking a balance between mitigating therisksposed by AI systems and encouraging innovation in compliance …
Stated simply, “prosecutors will assess a company's ability to manageAI-relatedrisksas part of its overall compliance efforts. ...AI and is alert to …
Artificial intelligence(AI) applications in health care can create better, stronger, and faster solutions to complex issues for providers, …
On 7 March 2024 at the American Bar Association's 39th National Institute on White Collar Crime, Deputy Attorney General Lisa Monaco announced…
The Guide also provides an AI risktaxonomy within the context of each of the AI principles and sign posts to existing regulations including Consumer …