AI Risk & Governance

AI Risk & Governance

White House Secures Commitments on Responsible AI Development

By Editors | 24/07/2023

White House secured commitments from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI.

Data Privacy

Korea FSC Designates Eight More ‘Data Specialising Institutions’

By Sanday Chongo Kabange | 19/07/2023

The newly designated firms are allowed to converge anonymised and pseudonymised data from different businesses for analytics purposes.

AI Risk & Governance

AI Regulatory Sandboxes Need Cooperation and Expertise: OECD

By Ranamita Chakraborty | 19/07/2023

A recent OECD report on AI regulatory sandboxes highlights important policy considerations that emphasises the need to build AI regulatory expertise and interdisciplinary cooperation.

AI Risk & Governance

Chinese Authorities Release New Rules for Providers of Generative AI Services

By Editors | 19/07/2023

The rules require training data to be accurate, generated content to be properly labelled, security assessments to be performed, and channels for complaints reporting to be established.

AI Risk & Governance

US SEC Working on Rule Proposals to Mitigate Risks from AI

By Editors | 18/07/2023

SEC chairman Gary Gensler said AI could heighten financial fragility and promote herding behaviour among investors.

AI Risk & Governance

UNSC Hosts First-Ever Session on Artificial Intelligence

By Editors | 18/07/2023

UK Foreign Secretary James Cleverly called for urgent international cooperation in shaping the governance of AI.

AI Risk & Governance

US FTC Probes OpenAI’s ChatGPT Over Consumer Protection Concerns

By Editors | 17/07/2023

A key focus of the investigation is the possibility of ChatGPT generating false, misleading, or disparaging statements about real individuals.

AI Risk & Governance

UK FCA Outlines Plans for Regulating AI and Big Tech

By Manesh Samtani | 16/07/2023

The FCA will address competition issues raised by Big Tech firms and potentially expand the SMCR to apply to “the most senior individuals managing AI systems”.

Fraud, Scams & Cybercrime

FFC Asia 2023: Professional AI Skills Needed in Financial Crime Fight

By Ranamita Chakraborty | 13/07/2023

Panellists at Regulation Asia’s Fraud and Financial Crime conference stressed the need to up-skill financial sector professionals so they can use AI in fighting financial crime.