AI Governance

At the 27th Annual Symposium on Building the Financial System of the 21st Century, Federal Reserve Governor Michelle W. Bowman addressed the growing role of artificial intelligence (AI) in the financial sector. Speaking to an audience of industry professionals and regulators, Bowman emphasized the importance of striking a delicate balance between fostering innovation and ensuring the stability of the financial system.

Artificial Intelligence (AI) is no longer a distant technological marvel; it's a driving force in reshaping how industries operate, innovate, and grow. From transforming healthcare with predictive analytics to revolutionizing the financial sector with automated trading systems, AI is everywhere. But as organizations embrace these advancements, they must also confront a growing set of challenges—legal, ethical, and operational—that can have serious consequences if not properly managed. This is where governance, risk, and compliance (GRC) come into play.

The Office of the Australian Information Commissioner (OAIC) has released two new guides to help businesses navigate privacy obligations when using artificial intelligence (AI) products. These guides provide clarity on how the Australian Privacy Act 1988 applies to AI, aiming to improve compliance and safeguard privacy as AI technologies become more prevalent in business practices.

Frances Haugen, the former Facebook product manager who gained attention for exposing internal documents that formed the basis of The Wall Street Journal’s Facebook Files series, is now turning her focus to the burgeoning field of artificial intelligence (AI). In a recent interview with The Wall Street Journal, Haugen underscored the increasing importance of whistleblowing in industries that rely heavily on AI—industries that, she argues, are often shrouded in secrecy and controlled by a small number of powerful players.

Competition authorities from G7 nations gathered in Rome this week to address mounting concerns over market concentration and competitive dynamics in the rapidly evolving artificial intelligence sector. The two-day summit, hosted by the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato), marked a pivotal moment in international cooperation on AI market oversight.

The Open Compliance and Ethics Group (OCEG) has unveiled a comprehensive electronic guide addressing one of the most pressing challenges in modern business: the governance, risk management, and compliance (GRC) of artificial intelligence systems. This strategic publication arrives amid intensifying global discourse on responsible AI adoption and regulatory oversight.

The Department of Justice's Criminal Division unveiled today a sweeping new framework for addressing cybercrime and artificial intelligence-enabled criminal activities, signaling a major evolution in the federal government's approach to technology-enabled threats. Principal Deputy Assistant Attorney General Nicole M. Argentieri, speaking at the Computer Crime and Intellectual Property Section's Symposium hosted by the Center for Strategic and International Studies in Washington, DC, detailed the division's ambitious strategy to combat increasingly sophisticated digital threats while safeguarding civil liberties and promoting responsible innovation.