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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-05-16T20:29:00
Microsoft and Indeed stepped up to adopt new artificial intelligence principles put forth by President Joe Biden, while leading senators took a step toward crafting AI legislation.
On Thursday, the White House announced AI implementation principles for businesses and organizations that included having clear governance systems, procedures, human oversight, evaluation processes, and transparency in the workplace to ensure workers are informed, have input into development, and that the technology is created and trained to protect them.
“The principles are not intended to be an exhaustive list but instead a guiding framework for businesses,” the White House said in a statement. “AI developers and employers should review and customize the best practices based on their own context and with input from workers.”
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Membership $599
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2024-06-07T21:51:00Z By Aaron Nicodemus
Warning of an “eventual reckoning” on artificial intelligence use by financial institutions, the acting head of the Office of the Comptroller of the Currency said the industry should learn lessons on how similar disruptive technologies evolved from being helpful to dangerous.
2024-05-20T19:02:00Z By Adrianne Appel
Colorado passed the nation’s first comprehensive artificial intelligence protection law, aimed at curbing discrimination against the public that could result from the technology’s use while still allowing AI entrepreneurship to flourish.
2024-05-08T13:06:00Z By Aaron Nicodemus
Three experts join the Compliance Week podcast to discuss opportunities and risks posed by artificial intelligence, as well as governance frameworks your organization can implement to ensure AI tools are utilized safely and ethically.
2024-12-20T16:47:00Z By Neil Hodge
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.
2024-12-19T16:18:00Z By Neil Hodge
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.
2024-12-19T16:17:00Z By Aaron Nicodemus
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.
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