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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-06-06T12:00:00
Generative artificial intelligence like OpenAI’s ChatGPT, Microsoft’s ChatGPT-powered Bing, and Google’s Bard have a lot of potential—and risks—that require thorough assessments to implement.
But can—or should—generative AI be used by the compliance department?
Compliance professionals must determine whether any potential uses of generative AI by their employer violate state or federal laws, rules, or regulations. They should insist safeguards be implemented to prevent or detect plagiarism and the improper use of intellectual property, as well as violations of individual privacy.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2024-06-07T22:34:00Z By Adrianne Appel
Compliance has been “sleeping on” artificial intelligence, two panelists discussed at Compliance Week’s Women in Compliance Summit. The profession should be positioned to lead on AI governance at the business level.
2023-07-21T15:29:00Z By Kyle Brasseur
Technology companies including Google, Meta, and OpenAI agreed to a series of voluntary commitments they’ll make regarding their management of risks when developing artificial intelligence systems.
2023-07-06T15:33:00Z By Neil Hodge
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A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
2024-06-20T15:40:00Z By Aaron Nicodemus
Compliance departments at financial institutions must become more involved in ensuring their firm’s operational resiliency to address emerging risks, the Treasury Department’s Office of the Comptroller of the Currency said in its semi-annual risk perspective.
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.
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