A new report predicts that compliance and assurance functions could double the amount they spend on new technology by 2027. According to the research, issued by Gartner Inc., generative AI, machine learning, and large language models will fuel a surge in spending by compliance, risk management, and assurance functions. The Read More
In recent times it seems that a corporate scandal is now an everyday occurrence and something which is far too frequent. The causes of a corporate scandal are also far too predictable: failures in corporate governance, poor risk management, compliance failures, unreliable intelligence, inadequate security, insufficient resilience, ineffective controls, and Read More
The European Parliament approved the Artificial Intelligence Act (AIA), a regulation aimed at ensuring safety and compliance with fundamental rights, while boosting innovation within the artificial intelligence (AI) context. AIA, which is set take effect in increments over the next few years, ultimately establishes obligations for AI based on its Read More
The New York Times Co. filed a lawsuit against two of the largest artificial intelligence companies, Microsoft and OpenAI, for copyright infringement. In its complaint, the Times said that Microsoft and OpenAI illegally copied and used millions of its articles to inform and enhance each company’s AI models including OpenAI’s Read More
The Federal Trade Commission has prohibited Rite Aid from using facial recognition technology for surveillance purposes for five years as part of a settlement of charges that the retailer used the technology improperly. The FTC had accused Rite Aid of failing to implement reasonable procedures and prevent harm to consumers Read More
The rapid advancement of artificial intelligence (AI) has ushered in an era of unprecedented technological transformation, promising to revolutionize industries, enhance human capabilities, and reshape the very fabric of society. As with any transformative force, though, AI also presents a range of challenges and ethical concerns that demand careful consideration Read More
