- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-06-03T08:58:00
The Department of Justice’s (DOJ) Antitrust Division is examining how its policies and enforcement mechanisms are suited to handle potential issues brought about by the proliferation of use of artificial intelligence (AI).
Jonathan Kanter, head of the Antitrust Division, delivered remarks at an AI workshop at Stanford on Thursday, during which he said the agency was “actively examining the AI ecosystem both through our policy work … and through our enforcement of the Sherman Act and Clayton Act.”
“If firms in the AI ecosystem violate the antitrust laws, the Antitrust Division will have something to say about it,” he said.
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A hospitality company agreed to pay $3.5 million and appoint an anti-trust compliance officer to settle allegations by the Department of Justice that it engaged in illegal pre-merger activity.
The Department of Justice’s Antitrust Division created a new task force to examine collusion and monopolies in the healthcare industry.
Prudent chief compliance officers should ensure artificial intelligence-related risks are being properly addressed at their businesses considering growing scrutiny being paid to the technology by the Department of Justice.
Dr. Mehmet Oz, President-elect Donald Trump’s pick to lead the Centers for Medicare and Medicaid Services, has a mandate from Trump to “take on the illness industrial complex” and to cut costs.
Securities and Exchange Commission Chair Gary Gensler will step down from his position as the top U.S. regulator of Wall Street when Donald Trump is sworn in as president on Jan. 20, ending weeks of speculation about his future.
President-elect Donald Trump announced he plans to appoint Cantor Fitzgerald President and CEO Howard Lutnick to lead the U.S. Commerce Department, as the incoming administration is expected to charge import tariffs against friends and foes.
