Nov 1, 05:20 PM

DOL Issues Guidance on AI Risks, Best Practices for Employers; DOJ Compliance Program and EU AI Act 2024 Highlighted

The U.S. Department of Labor (DOL) has issued new guidance aimed at helping employers navigate the risks associated with artificial intelligence (AI) in the workplace. This guidance emphasizes the importance of addressing AI-related risks and outlines best practices for companies utilizing AI technologies. In addition, the DOL's recent compliance program guidance focuses on AI risks and the use of data analytics. The Commerce Department has also been active, signing a memorandum of understanding with the Department of Energy to promote the safe and trustworthy development of AI. These developments come amid ongoing discussions regarding AI governance, highlighted by the introduction of the EU Artificial Intelligence Act of 2024, which aims to regulate AI technologies in Europe. The New York Department of Financial Services (NYDFS) has also issued guidance to mitigate AI cybersecurity risks, further underscoring the regulatory landscape surrounding AI.

#Commerce Department #Department of Energy #Europe #NYDFS

Written with ChatGPT (GPT-4o mini).

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