On 18 March 2024, Avi Gesser and Martha Hirst from the Debevoise Data Strategy and Security Group, in conjunction with the AI UK 2024 symposium, presented on the regulatory developments, and associated governance risks, relating to AI use. The presentation included practical guidance that can support businesses’ ability to use AI agilely within a developing regulatory landscape. The proliferation of…

Registered investment advisers (“RIAs”) have swiftly embraced AI for investment strategy, market research, portfolio management, trading, risk management, and operations.  In response to the exploding use of AI across the securities markets, Chair Gensler of the Securities and Exchange Commission (“SEC”) has declared that he plans to prioritize securities fraud in connection with AI disclosures and warned market participants against…

Almost a year after it initially published its White Paper on AI Regulation (the “AI White Paper”) and launched its associated consultation, the UK government has published its consultation response (the “AI Response Paper”). The AI Response Paper confirms the current government’s intention to take a “pro-innovation” approach to AI regulation, leaving individual regulators to supervise the use of AI…

We recently highlighted the need for companies to manage risks associated with the adoption of AI technology, including the malicious use of real-time deepfakes (i.e., AI-generated audio or video that impersonates a real person). In this article, we address three AI-related insider risks that warrant special attention by corporate compliance departments (i.e., insider deepfakes, barrier evasion, and model manipulation) and…

On February 14, 2024, Deputy Attorney General Lisa O. Monaco announced an initiative within the U.S. Department of Justice to ramp up the detection and prosecution of crimes perpetrated through artificial intelligence (AI) technology, including seeking harsher sentences for certain AI-assisted crimes. Monaco also announced a new effort to evaluate how the Department can best use AI internally to advance…