Federal regulators have largely focused on issuing guidance and initiating inquiries into AI, whereas state regulators have taken a more proactive stance, addressing AI’s unique challenges within sectors such as insurance. The New York Department of Financial Services released a draft guidance letter proposing standards for identifying, measuring, and mitigation potential bias from use of […]
Life After the Rite Aid Order: A Discussion on How the FTC is Shaking Up AI
AI incidents can have major implications for companies looking to develop and deploy AI. Oftentimes, organizations can be financially or reputationally harmed if the AI system performs harmful or unintended actions impacting people – furthering the need for hashtag #AIgovernance. The American drugstore chain RITE AID was recently banned by the Federal Trade Commission (FTC) from using AI facial recognition […]