AI Risk & Governance

AI Risk & Governance

UK CMA Commences Review of AI Models

By Sanday Chongo Kabange | 05/05/2023

The CMA’s initial review will explore the opportunities and risks AI models could bring for competition and consumer protection.

AI Risk & Governance

G7 Ministers Outline Actions to Contain AI Risks

By ESG Investor | 03/05/2023

Ministers endorsed an AI action plan for “promoting global interoperability between tools for trustworthy AI”.

AI Risk & Governance

US Agencies Pledge to Combat Harmful Uses of AI

By Editors | 30/04/2023

Four agencies reaffirmed their commitment to “vigorously enforce their collective authorities and to monitor the development and use of automated systems.”

Trading & Investment

Taiwan to Strengthen Supervision on the Use of Robo-Advisers

By Editors | 24/04/2023

The maximum fine for malpractice at securities companies will be raised from TWD 3.6 million currently to TWD 15 million.

Cloud & Infrastructure

FSC Korea Enhances Fintech Sandbox Programme

By Editors | 24/04/2023

Moving forward, the FSC will be recruiting D-Testbed participants twice a year instead of once.

Fraud, Scams & Cybercrime

ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair

By Editors | 23/04/2023

The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.

AI Risk & Governance

ChatGPT Can Interpret Fed Policy, Predict Stock Moves

By Mark Johnston | 19/04/2023

Researchers find ChatGPT can interpret Fed policy and corporate news and make investment recommendations based on them.

AI Risk & Governance

FSC Korea Issues Guidelines to Promote Safe Usage of AI Tech

By Editors | 19/04/2023

A verification system has also been introduced for use in examinations of AI-driven credit scoring models deployed by credit bureaus.

AI Risk & Governance

Japan’s Big Three Banks Embrace Generative AI Chatbots

By Mark Johnston | 18/04/2023

The adoption of AI chatbots by Japan’s top banks could spur other major Japanese companies to follow suit, as generative AI technology becomes increasingly popular.