One of our recent posts discussed the uptick in AI risks reported in SEC filings, as analyzed by Arize AI. There, we highlighted the importance of strong governance for mitigating some of these risks, but we didn’t address the specific risks identified in those SEC filings. We discuss them briefly here as they are risks
Can Your AI Model Collapse?
A recent Forbes article summarizes a potentially problematic aspect of AI which highlights the importance of governance and the quality of data when training AI models. It is called “model collapse.” It turns out that over time, when AI models use data that earlier AI models created (rather than data created by humans), something is
Think About Why Fortune 500 Companies Are Citing AI Risks in Their SEC Filings
While the craze over generative AI, ChatGPT, and the fear of employees in the professions landing on breadlines in the imminent future may have subsided a bit, many concerns remain about how best to use and manage AI. Of course, these concerns are not specific to Fortune 500 companies.
A recent story in CIODive reports
New Illinois Laws Address Use of Generative AI and Digital Likeness, Publicity Rights
Illinois continues to enact legislation regulating artificial intelligence (AI) and generative AI technologies.
- A little less than a year ago, Gov. JB Pritzker signed H.B. 2123 into law. That law, becoming effective January 1, 2024, expanded the state’s Civil Remedies for Nonconsensual Dissemination of Private Sexual Images Act to permit persons about whom “digitally altered
AI Regulation Continues to Grow as Illinois Amends its Human Rights Act
Following laws enacted in jurisdictions such as Colorado, New York City, Tennessee, and the state’s own Artificial Intelligence Video Interview Act, on August 9, 2024, Illinois’ Governor signed House Bill (HB) 3773, also known as the “Limit Predictive Analytics Use” bill. The bill amends the Illinois Human Rights Act (Act)
White House Publishes Steps to Protect Workers from the Risks of AI
Last year the White House weighed in on the use of artificial intelligence (AI) in businesses.
Since the executive order, several government entities including the Department of Labor have released guidance on the use of AI.
And now the White House published principles to protect workers when AI is used in the workplace.
The
A Deepfake of a Baltimore High School Principal Raises Significant Employment Issues
As reported by CNN, a high school principal in Pikesville, Maryland, found his life and career turned upside down when in January a recording suggesting the principal made racially insensitive and antisemitic remarks went viral. The school faced a flood of calls from concerned persons in the district, security was tightened, and the principal
Privacy Versus Cyber – What is the Bigger Risk?
“Cybersecurity” has emerged as one of top risks facing organizations. Considering the steady stream of massive data breaches affecting millions (sometimes billions), the debilitating effects of ransomware on an organization’s information systems, the intrigue of international threat actors, and the mobilization and collaboration of national law enforcement to thwart these attacks, it’s no wonder. Notions
EU Artificial Intelligence Act Passes in European Parliament
On Wednesday, March 13, 2024, Members of European Parliament endorsed the Artificial Intelligence Act (“AI Act”), with 523 votes in favor, 46 against, and 49 abstentions. This is the world’s first comprehensive AI law and likely to have significant influence on the rapid development of AI regulation in other jurisdictions including in the United
AI Notetakers – Evaluating the Risks Along with the Benefits
The explosion of generative AI has spawned a wide range of personal and professional tools and applications. One noteworthy (no pun intended) example of those tools and applications is notetakers that can capture, transcribe, and organize the content discussed at meetings (virtual or otherwise), enabling participants to more meaningfully participate in the meeting/discussion. They can