What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are but three of the many questions we will explore in this exciting new podcast series, Compliance and AI. Hosted by Tom Fox, the award-winning Voice of Compliance, this podcast will look at how AI will impact compliance programs into the next decade and beyond. If you want to find out why the future is now, join Tom Fox on this journey to the frontiers of AI.
Welcome back to another exciting episode of our podcast, where we delve into the fascinating world of compliance and artificial intelligence (AI). Today I am joined by Jonathan Armstrong from Cordery Compliance to discuss how regulators in the EU are looking at AI.
Regulators in the EU are taking action to address the use of artificial intelligence (AI) and generative AI. A recent case involving Google’s AI tool, Bard, being temporarily suspended in the EU highlights the need for regulation and compliance in this rapidly evolving field. Concerns are raised about data and privacy, as generative AI uses large amounts of data, potentially infringing copyright and processing individuals’ data without consent. It is crucial for organizations to conduct data protection impact assessments and consider GDPR obligations. Transparency and consent are also key, with Zoom’s data practices being questioned in terms of transparency and obtaining user consent. The conversation emphasizes the potential legal and financial consequences organizations face for non-compliance.
Remember, compliance professionals are the co-pilots of our businesses, guiding us through the complexities of the AI revolution. Let’s not wait too long between podcasts and continue this journey together!
Key Highlights
· Concerns with Bard
· Regulators’ Actions on AI
· Concerns over Data and Privacy in Generative AI
· Transparency and Consent in Zoom’s Data Practices
Resources
For more information on the issues raised in this podcast, check out the Cordery Compliance, News Section. For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.
Connect with Jonathan Armstrong
Tom Fox
