- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-04-26T18:28:00
Officials at four U.S. agencies warned Tuesday they are prepared to act against bias or discrimination that involves artificial intelligence (AI).
A joint statement issued by Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB); Kristen Clarke, assistant attorney general for the Justice Department’s Civil Rights Division; Charlotte Burrows, chair of the Equal Employment Opportunity Commission; and Lina Khan, chair of the Federal Trade Commission (FTC), said existing laws against discrimination apply to the use of automated systems, including AI.
By issuing the statement, the agencies reiterated their commitment to monitor AI and promote responsible innovation.
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The European Union’s draft law to regulate artificial intelligence must be updated to include overarching controls on chatbots like ChatGPT, a group of European Parliament members wrote in an open letter.
The Federal Trade Commission is keeping close watch on companies that use the term “artificial intelligence” when marketing their products.
The EU’s agency for occupational safety and health released a report examining the risks and opportunities of AI-based worker management systems for employee’s physical and mental wellbeing.
JPMorgan Chase, Wells Fargo Bank, Bank of America, and the company behind online money transfer app Zelle were sued by the Consumer Financial Protection Bureau for allegedly failing to safeguard Zelle’s network and causing customers to lose $870 million, the CFPB alleged.
USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
Becton Dickinson medical device company will pay $175 million for “repeatedly” misleading investors about its Alaris infusion pump, a product the company knew was flawed and was sold without the required patient-safety approvals, the Securities and Exchange Commission said.
