SEC-PR-2024-65 (MAY. 31, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-65 Download: SEC-PR-2024-65 ⊗ (PDF) PRESS RELEASE | 2024-65 SEC Investor Advisory Committee to Examine the New Frontier for Investment Advice and Discuss AI Regulation at June 6 Meeting Washington D.C., May 31, 2024 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June […]
Category: Artificial Intelligence Regulation
Artificial Intelligence Regulation involves the development and implementation of policies, laws, and guidelines aimed at governing the design, deployment, and use of Artificial Intelligence (AI) technologies. It encompasses a broad spectrum of considerations, including ethical concerns, privacy protections, accountability frameworks, and ensuring fairness and transparency in AI systems. Regulation seeks to address risks such as biases in algorithms, potential job displacement due to automation, cybersecurity threats posed by AI, and societal impacts of AI-driven decisions. Effective AI regulation requires collaboration among governments, industry stakeholders, academics, and civil society to strike a balance between fostering innovation and safeguarding public interests. Key aspects include defining regulatory frameworks that adapt to rapid technological advancements, establishing standards for AI development and deployment, and enforcing compliance mechanisms to ensure adherence to ethical and legal standards across diverse applications of artificial intelligence.