Registered investment advisers (“RIAs”) have swiftly embraced AI for investment strategy, market research, portfolio management, trading, risk management, and operations. In response to the exploding use of AI across the…
Almost a year after it initially published its White Paper on AI Regulation (the “AI White Paper”) and launched its associated consultation, the UK government has published its consultation response…
On October 16, 2023, the SEC’s Division of Examinations (“EXAMS”) issued its 2024 Examination Priorities (the “2024 Priorities”). The 2024 Priorities reflect the Commission’s continued scrutiny of information security and…
As businesses adopt Generative AI tools, they need to ensure that their governance frameworks address not only AI-specific regulations such as the forthcoming EU AI Act, but also existing regulations,…
The New York City Department of Consumer and Worker Protection (the “DCWP”) has adopted final rules (the “Final Rules”) regulating the use of artificial intelligence for hiring practices. The DCWP’s…
On February 1, 2023, the Colorado Division of Insurance (“DOI”) released its draft Algorithm and Predicative Model Governance Regulation (the “Draft AI Regulation”). The Draft AI Regulation imposes requirements on…
There is a growing trend among customer-facing businesses towards using artificial intelligence (“AI”) to analyze voice data on customer calls. Companies are using these tools for various purposes including identity…
On December 9th, 2022, Eric Dinallo and Marshal Bozzo of Debevoise’s Insurance Regulatory Group were joined by Avi Gesser and Anna Gressel of the firm’s Data Strategy and Security Group…
We recently wrote about how rights-based regulatory regimes for artificial intelligence (as opposed to risk-based frameworks) can lead to a misallocation of resources because compliance will require too much effort…
With the widespread adoption of artificial intelligence (“AI”) and other complex algorithms across industries, many business decisions that used to be made by humans are now being made (either solely…