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Various entities including law firms, regulatory bodies, and tech companies are actively discussing the regulation and impact of AI in different sectors. Recommendations and proposals are being made to manage the risks associated with AI, particularly in financial markets. The U.S. Commodity Futures Trading Commission (CFTC) is at the forefront of these discussions, with Commissioner Johnson proposing AI recommendations and the establishment of an AI Fraud Task Force to counter potential misuse in financial markets.
📢 Update: The Commodity Futures Trading Commission has named its inaugural Chief Artificial Intelligence Officer, in response to the Biden administration’s directive to regulate AI usage across federal agencies. This appointment underscores the increasing integration of AI…
A deep dive into the FCA’s approach to the regulation of AI within financial services https://t.co/aHbnyH11dx | by @bclplaw
Government-Wide Policy Provides Federal Agencies Governance Structure and Standards for Use of Artificial Intelligence https://t.co/xc4oolhHxA | by @beneschlaw