- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-05-02T18:51:00
The Commodity Futures Trading Commission (CFTC) appointed its first artificial intelligence chief to lead the agency’s efforts to further integrate AI into its operations.
Ted Kaouk, who joined the CFTC in December as chief data officer and director of its Division of Data, will assume the role of chief data and AI officer. Kaouk will lead the creation of the CFTC’s enterprise data and AI strategy, the commission announced Wednesday.
Kaouk, who began his career as a U.S. Navy surface warfare officer, previously led AI and data strategy efforts at the Office of Personnel Management and the U.S. Department of Agriculture. He served as the first chair of the Federal Chief Data Officers Council from 2020 until January.
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The Federal Trade Commission took aim at the business models of some of the world’s largest companies, publishing a years-long study that decried technologies that have created “vast surveillance” networks that expose people to “a host of harms” and violate children’s privacy laws.
The Equal Employment Opportunity Commission announced the appointment of an officer overseeing the use of artificial intelligence, becoming the latest agency to create the role called for in a President Joe Biden executive order.
Kristin Johnson of the Commodity Futures Trading Commission called for the agency to launch initiatives addressing the use—and misuse—of artificial intelligence tools in commodities markets.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
When lawmakers slam the U.K.’s chief financial regulator as “incompetent,” it not only opens the doors for others to pile criticism on it, but it sparks a debate about how the organization can be improved–or removed.
The U.K. Financial Conduct Authority apologized to investors in peer-to-peer investment firm Collateral for not acting swiftly enough to prevent Collateral from defrauding its customers.
