AI Governance

The Financial Services Agency (FSA) has recently published a thought-provoking discussion paper, urging the financial industry to explore the potential of artificial intelligence (AI) while being mindful of its risks. Titled “Preliminary Discussion Points for Promoting the Sound Utilization of AI in the Financial Sector,” the paper highlights how generative AI is revolutionizing industries across the board, including finance, and the FSA’s role in ensuring these advancements are responsibly harnessed.

The Danish Data Protection Agency and the Danish Digital Agency have announced the opening of the second round of applications for their AI regulatory sandbox. This initiative, which was launched in 2024, provides companies and authorities with access to expert guidance on navigating the complexities of AI regulations, particularly the General Data Protection Regulation (GDPR) and AI Regulation.

In a world where AI promises seem to be becoming as frequent as pop-up ads, the FTC’s decision to take on DoNotPay is a notable one. The company, which once boasted about offering “the world’s first robot lawyer,” has now been forced to face the music for its misleading marketing. The Federal Trade Commission has finalized an order against DoNotPay, following an investigation that questioned the legitimacy of their AI-powered legal services.

At the AI Action Summit in Paris this week, five global data protection authorities made an important pledge. On the 6th of February, a joint declaration was signed by officials from Australia, Korea, Ireland, France, and the UK—each committed to fostering an artificial intelligence ecosystem that doesn’t just innovate, but also respects privacy and safeguards fundamental rights.

In a world where artificial intelligence is pushing boundaries and reshaping industries, the question of how to protect individuals' privacy has never been more pressing. Fortunately, the GDPR (General Data Protection Regulation) isn't just a barrier to innovation—it can be the very tool that enables responsible AI development. The French Data Protection Authority, or CNIL, has just issued new recommendations that take the best of both worlds: advancing AI while ensuring personal data is treated with the respect it deserves.

The Hellenic Data Protection Authority (DPA) has announced two significant investigations today. One centers on the legality of the DeepSeek AI application under the General Data Protection Regulation (GDPR), while the other addresses a spyware breach that has impacted WhatsApp users in Greece.

The Italian data protection authority has fired a warning shot at AI developers worldwide, blocking DeepSeek, a Chinese chatbot service, from processing data belonging to Italian users. The move adds yet another chapter to Europe's growing scrutiny of AI platforms and their compliance with strict privacy laws.