In this article: The US Department of Commerce’s Bureau of Industry and Security (BIS) plans to introduce mandatory reporting requirements for developers of advanced AI models and cloud computing providers. The proposed rules would require companies to report on development activities, cybersecurity measures, and results from red-teaming tests, which assess risks such as AI systems […]
News
In this article: Governments around the world are scrambling to put guardrails in place to contain potential threats from the growing array of artificial intelligence systems. What accountants need to know about AI regulation | INTHEBLACK (cpaaustralia.com.au)
In this article: Banks stand for the operational resiliency of the economy. Traditionally, banks follow robust risk management practices. However, GenAI adoption presents a double-edged sword, hence why there is growing unrest among regulators to ensure responsible AI that emphasizes human centricity, social responsibility and sustainability. PwC alerts about a risk management gap related […]
In this article: There is a big gap in risk management as enterprises race to use generative artificial intelligence (AI). Despite AI’s widespread usage, only 58% of executives in industries like healthcare, technology, and financial services have performed a preliminary evaluation of the dangers associated with the technology, according to a PwC survey. PwC […]
In this article: Many companies unconnected to artificial intelligence boom are yet to recover from post-pandemic downturn AI exuberance masks broad weakness in tech sector, say investors (ft.com)
In this article: We must ensure that lawyers are equipped with the necessary knowledge and skills to use AI effectively, he said at the SIAC conference held at Mumbai on September 6. AI can make arbitration efficient and cost-effective: Singapore Chief Justice Sundaresh Menon (barandbench.com)
In this article: UpLevel Ops analysts say reskilling is critical in AI adoption Find simple use cases, use pilot groups to start process Generative AI is transformative, but some early adopters are making a critical error: They lack a comprehensive reskilling strategy. To unlock AI’s full potential, legal departments can’t skip this important step. […]
In this article: National legislatures have a key role in charting the course for artificial intelligence (AI) and assuring cyber-security going forward, according to a statement agreed by representatives from the Group of Seven (G7) countries at the close of a summit in Italy. The three-day G7 Speakers’ Meeting in the northern Italian city of […]
In this article: AI hype is in full swing, with companies like Google, Microsoft, Meta and Apple putting it in everything. There’s a lot of new words being thrown around. This glossary is your one-stop shop. ChatGPT Glossary: 45 AI Terms That Everyone Should Know – CNET
In this article: As the FDA continues its work to ensure that AI is deployed safely within healthcare, there are a couple prevalent issues that frequently pop up, said Luke Ralston, one of the agency’s reviewers. These Are 2 of The Biggest Issues with Healthcare AI, According to an FDA Reviewer – MedCity News
