Introducing an AI platform in business requires a structured compliance approach based on the U.S. Department of Justice’s 2024 Evaluation of Corporate Compliance Programs (ECCP). Compliance officers must treat AI as a risk assessment obligation, integrate AI governance with existing compliance frameworks, and ensure thorough inventories and controls are in place.
Canadian AI pioneer Yoshua Bengio has been nominated to a proposed UN panel on artificial intelligence, alongside other notable experts including journalist Maria Ressa and Google’s Joelle Barral. This independent panel aims to address the AI knowledge gap and assess the impacts of AI across various sectors globally.
The FTC’s authority to preempt state consumer protection laws regarding AI is limited, as outlined by a Trump administration Executive Order. Any preemption requires a lengthy rulemaking process demonstrating clear conflicts with state laws, making success unlikely given the complexities.
Taiwan’s Legislative Yuan has approved a new law creating a national AI governance framework that emphasizes sustainability, human autonomy, and accountability. The legislation designates the National Science and Technology Council as the central AI policy authority and mandates the formation of a national AI strategy committee.
Wisconsin lawmakers are proposing legislation that defines artificial intelligence as non-human and bans marriages between humans and AI. The bill also prevents AI from owning property, managing corporations, or being held legally liable.
The Federal Trade Commission (FTC) has revised its enforcement approach toward artificial intelligence, reducing or revoking certain prior actions against AI companies like Rytr. While continuing to regulate false claims about AI capabilities, the FTC aims to promote innovation by avoiding undue burdens on AI development.
The Treasury Department is advocating for a gradual yet robust adoption of artificial intelligence in the financial services sector, emphasizing public-private partnerships and potential AI sandboxes. Secretary Scott Bessent highlighted the need for regulatory agencies to collaborate with private partners to ensure safe and responsible AI implementation.
New York has introduced the RAISE Act, aligning its AI regulations with California’s SB-53 to create a unified approach for developers of advanced AI models. This act mandates transparency in AI risk management and incident reporting, aiming to streamline compliance across states while addressing potential federal preemption of state laws.
Florida Governor Ron DeSantis hosted a panel discussion on artificial intelligence, warning of the dangers of replacing humans with AI and advocating for state-level regulations. He highlighted the tragic case of a teenager’s suicide linked to interactions with an AI chatbot, emphasizing the need for safety standards similar to those in other industries.
UiPath has acquired WorkFusion, enhancing its AI-powered solutions for financial compliance in the banking sector. This strategic move enables UiPath to automate complex workflows while maintaining essential security and regulatory controls.