- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jaclyn Jaeger2024-05-07T10:50:00
Companies and individuals who misuse artificial intelligence (AI) to advance corporate crime efforts should be prepared to face the consequences, officials at the Department of Justice (DOJ) have warned.
The agency will also pay closer attention to how companies mitigate AI-related risks as part of their compliance efforts.
“The DOJ, along with a number of other federal agencies, has put a stake in the ground to say they are going to be active in the AI space,” said Eric Vandevelde, a partner at Gibson Dunn and co-chair of the law firm’s AI practice group.
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The former chief executive officer of closed AI recruitment startup Joonko faces up to 40 years in prison and the potential of penalties levied by the Securities and Exchange Commission for allegedly defrauding investors of more than $27 million.
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