Following several years of drafts and negotiations, on March 13, the European Parliament approved the EU’s Artificial Intelligence Act (the AI Act), making it the world’s first comprehensive AI legislation....more
Chair Gensler Continues to Be Outspoken About the Risks of AI Technologies -
Chair Gensler’s warnings of the potential risks associated with the use of AI technologies in the securities industry recently continued with...more
The FDA has announced the formation of the Digital Health Advisory Committee, a group dedicated to navigating the complexities of emerging DHTs like AI/ML, augmented reality and more. This development evidences the FDA’s...more
Chair Gensler’s Public Statements Warning of AI’s Impact on Securities Industry -
In his speech before the National Press Club, Chair Gensler focused on the tremendous opportunities AI technology presents but cautioned...more
8/8/2023
/ Analytics ,
Artificial Intelligence ,
Bias ,
Broker-Dealer ,
Compliance ,
Conflicts of Interest ,
Data Privacy ,
Intellectual Property Protection ,
Investment Adviser ,
Machine Learning ,
Proposed Rules ,
Public Statements ,
Securities and Exchange Commission (SEC)
On May 22, 2023, the New York City Department of Consumer and Worker Protection (“DCWP”) held an employer roundtable about Local Law 144, New York City’s law regulating the use of Artificial Intelligence in the employment...more
6/12/2023
/ Algorithms ,
Artificial Intelligence ,
Automation Systems ,
Bias ,
Final Rules ,
Hiring & Firing ,
Job Applicants ,
Machine Learning ,
Notice Requirements ,
Recruitment Policies ,
Remote Working
On January 1, 2023, New York City became the first jurisdiction in the United States to regulate employers’ use of automated employment decision tools (AEDTs) in the hiring and promotion process. Local Law 144 (the NYC AEDT...more
Artificial intelligence (AI) has long existed in the public consciousness through science fiction, doomsday planners, and fears of Ray Kurzweil’s singularity—but it now appears to be an accessible reality. 2023 has begun with...more
3/16/2023
/ Algorithms ,
Artificial Intelligence ,
Biden Administration ,
Bots ,
Ethics ,
Machine Learning ,
New Guidance ,
NIST ,
OSTP ,
Risk Assessment ,
Risk Mitigation ,
State Privacy Laws
Artificial intelligence (AI) refers to the recognition or creation of patterns that simulate human actions or thought. Since the late 1970s, when people began regularly interacting with computers, AI has become increasingly...more