On Monday, May 3, 2021, Anna Gressel and Avi Gesser from our Data Strategy and Security Group, had an interesting discussion with Stephen McDougall, Chief Counsel for Data and Privacy Law at Prudential Financial, on the Future of AI Regulation.
During the webcast, we discussed several recent regulatory developments, including the European Commission’s Draft AI Regulation, the U.S. banking regulators’ Joint Request for Information on AI, and the FTC’s document on “truth, fairness, and equity in your company’s use of AI.”
Our discussion covered:
- How the EU regulation will apply to U.S. companies
- Types of AI systems that will be banned under the EU regulation
- How the EU regulation sets a new regulatory bar for transparency, risk assessments, post-market surveillance, and incident notification to regulators
- New obligations for transparency, risk assessments, certifications, post-market surveillance, and notification of incidents to regulators
- Key AI concerns identified by the U.S. banking regulators
- The FTC’s ability to use Section 5 against AI models on discrimination and other grounds
- Steps that companies can adopt now to prepare for the rapidly evolving AI regulatory landscape
To view the on-demand recording, please click here.
Our recent blog posts concerning the Future of AI Regulation can be found on the Debevoise Data Blog:
- European Commission’s Draft AI Regulation
- The FTC’s AI Guidance on Fairness and Bias
- U.S. Banking Regulators’ Joint RFI on AI
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To see our previous AI-related webcasts, click here.