Day: March 18, 2026

Lee Jong-oh, Deputy Governor for Digital and IT at the Financial Supervisory Service, emphasized the urgent need for the financial sector to establish an AI decision-making body led by a Chief Consumer Officer to prevent risks associated with AI use. He highlighted that only 8% of domestic financial companies provide high-impact AI services, stressing the importance of developing robust governance and risk management frameworks as AI technology evolves.

The GSA has released draft AI terms and conditions for its upcoming Multiple Award Schedule refresh, emphasizing contractor obligations when deploying AI capabilities for federal contracts. This marks a significant shift toward “government-first” AI terms, requiring contractors to ensure ownership of government data and use only American AI systems.

Navigating the regulatory pitfalls of AI charting is essential for healthcare organizations utilizing AI tools for clinical documentation. With the potential for compliance issues, organizations must ensure accurate data submission and be aware of evolving regulations from both federal and state levels.

As organizations face an increasingly complex regulatory landscape, generative AI is emerging as a critical support tool in regulatory risk management. It enhances compliance teams’ abilities to proactively identify risks, improve accuracy, and streamline processes, while ethical considerations regarding data quality and bias remain essential.

This practical guide outlines key obligations and guidance from Australian financial regulators regarding the use of artificial intelligence. It also highlights steps firms can take to ensure compliance and the critical questions that boards and executives should ask management.

The Pennsylvania Senate has passed a bill aimed at regulating AI chatbots used by children and teens, requiring operators to implement safeguards against promoting self-harm or violence. The measure, sponsored by Sen. Tracy Pennycuick, emphasizes the need for protections as reliance on these technologies grows among vulnerable users.

MEPs have proposed simplifying AI regulations by setting clear deadlines for high-risk systems and banning “nudifier” apps that manipulate images without consent. The changes aim to enhance legal certainty and stimulate AI adoption among EU companies while ensuring safety and flexibility.

The global AI governance platforms market is expected to grow from USD 4.2 billion in 2025 to USD 78.9 billion by 2035, achieving a CAGR of 34.1%. This growth is driven by the increasing complexity of AI deployments and the rising emphasis on ethical and responsible AI usage across various industries.

Digital technologies and AI are reshaping economic development and international cooperation, prompting the UN to promote responsible governance and equitable access. Initiatives like the Global Digital Compact and the Independent International Scientific Panel on AI aim to enhance digital transformation and address global inequalities in access to technology.

A task force of consumer advocates and technology groups has proposed a new framework to rewrite Colorado’s artificial intelligence regulations, aiming to address discrimination issues in AI usage. However, the agreement’s future remains uncertain as the proposal must now navigate the complexities of the legislative process.