Online safety regulator Ofcom has been criticized for its unclear and inadequate response to the risks posed by AI chatbots, which may threaten public safety. The chief executive of the Molly Rose Foundation emphasizes the need for tighter regulations under the Online Safety Act to address these dangers effectively.
The EU AI Act introduces new accountability measures for organizations using AI, particularly in high-risk sectors like insurance. Insurers must conduct a Fundamental Rights Impact Assessment (FRIA) to evaluate potential biases and ensure the responsible use of AI in underwriting and pricing.
Artificial intelligence (AI) is set to revolutionize regulatory compliance in financial services by enabling firms to manage an increasing number of regulations more efficiently. Technologies like natural language processing (NLP) can automate the analysis of unstructured regulatory documents, helping organizations ensure compliance and adapt to changes swiftly.
EU policymakers are considering setting threshold measures of computational resources to help businesses determine the regulatory requirements for AI models they train or modify under the EU AI Act. The proposals aim to clarify the scope of rules applicable to general-purpose AI models, with feedback from stakeholders expected to shape new guidelines effective from August 2025.
As AI adoption accelerates globally, governments are rapidly developing ethical and legal frameworks to ensure compliance and mitigate risks associated with AI technologies. The EU’s AI Act and other regulatory measures in countries like the US, India, and China signify that AI governance is becoming essential for businesses to maintain a competitive edge.
CIOs must carefully consider various compliance questions before launching AI projects, including the risk level of AI use cases and the jurisdictions in which they will operate. Understanding data usage and whether to build or buy AI solutions are also critical factors for compliance and effective governance.
Bloomberg Law will host a virtual forum titled “Navigating AI Regulations & Governance” on May 1, 2025, aimed at equipping legal and compliance professionals with insights on AI regulation. The event will feature keynotes and discussions from experts, including Google’s Tom Lue and EU Commission’s Kilian Gross, addressing the current regulatory landscape and its implications for organizations.
Bloomberg Law will host a virtual forum titled “Navigating AI Regulations & Governance” on May 1, 2025, aimed at equipping legal and compliance professionals with insights into the evolving landscape of AI regulation. The event will feature keynotes and discussions with industry experts, focusing on the implications of federal and state policies, as well as the EU AI Act.
Bloomberg Law will host a virtual forum titled “Navigating AI Regulations & Governance” on May 1, 2025, aimed at equipping legal professionals with insights into the evolving landscape of artificial intelligence regulation. The event features keynote speakers from Google and the EU Commission, along with discussions on federal and state policies, compliance challenges, and the implications of AI regulations.
The EU AI Act introduces new regulations that require developers and tech builders to be accountable for their AI systems, shifting the focus from innovation to compliance. This means proving the integrity of training data and ensuring AI performance is thoroughly tested before deployment.
