- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-06-04T14:10:00
The Equal Employment Opportunity Commission (EEOC) announced the appointment of an officer overseeing the use of artificial intelligence (AI), becoming the latest agency to create the role called for in a President Joe Biden executive order.
Sivaram Ghorakavi was named the agency’s deputy chief information officer and will also serve as chief AI officer, the EEOC announced Monday. In his latter role, he will coordinate intradepartmental and cross-agency efforts on AI and adjacent issues.
As information chief, Ghorakavi will lead EEOC innovations in technology that benefit the agency’s strategic mission.
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The Commodity Futures Trading Commission appointed its first artificial intelligence chief to lead the agency’s efforts to further integrate AI into its operations.
The Treasury Department announced its success using artificial intelligence to track down instances of check fraud—a potential preview of the results that might come if the agency applies AI in other enforcement-related circumstances.
On the heels of a warning by the deputy attorney general that the agency will seek stiffer penalties in cases involving the misuse of artificial intelligence, the Department of Justice announced Jonathan Mayer as its first chief AI officer.
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.
