Tag: ChatGPT

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Daily Compliance News

May 1, 2023 – The Corporate Rot Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • Bringing new tech solutions to compliance. (WSJ)
  • ChatGPT is back in Italy. (WSJ)
  • US to allow auction of CITGO. (Reuters)
  • Spotting corporate rot. (FT)

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From the Editor's Desk

From the Editor’s Desk – April and May, 2023 in Compliance Week

Welcome to From the Editor’s Desk, a podcast where co-hosts Tom Fox and Kyle Brasseur, EIC at Compliance Week, unpack some of the top stories which have appeared in Compliance Week over the past month, look at top compliance stories upcoming for the next month, talk some sports and generally try to solve the world’s problems.

Highlights Include:

·      The cadence of compliance stories

·      ChatGPT and AI in compliance

·      Reporting and Editing compliance stories

·      Case studies in Compliance Week

·      The surprises of the NBA playoffs in 2023

·      Pitch clock in baseball

·      The Boston Bruins’ quest for all-time greatness

Kyle relates some of the upcoming Compliance Week 2023 Conference highlights from May 15-17 in Washington, DC. Listeners of this podcast will receive a discount of $200 by using code TF200 on the link below.

Resources

Compliance Week 2023 information and registration here

Kyle Brasseur on LinkedIn

Compliance Week

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Compliance and AI

Compliance and AI: Episode 1 – Ant Stevens on Incorporating AI into Your Compliance Program

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? We will explore these three questions in this exciting new podcast, 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 compliance.

In this inaugural episode of Compliance and AI, Tom Fox interviews the CEO and President of 6Clicks, Ant Stevens, who explains that generative AI refers to systems that transform inputs into outputs and generate something obvious, like an image, video, or text. The AI works based on an underlying corpus, a kind of brain or reference point. Generative AI outputs are generated based on a corpus of information, making them an effective tool for companies to improve risk and compliance management.

They discuss the latest version of Generative AI, GPT 3, which allows companies to generate more text, images, and videos. The conversation also delves into the benefits of AI in content creation and policy overview creation. The podcast emphasizes the importance of prompt engineering and human input in decision-making. Stevens shares his belief that we are only scratching the surface of what we can do with artificial intelligence and encourages companies to embrace its potential. Get ready to be empowered and leap into the exciting world of Compliance and AI.

Key Insights

1. Incorporate generative AI into your risk and compliance management systems. Generative AI can help automate the compliance process and reduce human error in tracking and managing compliance requirements.

2. Train employees on how to use generative AI platforms. Employees trained on generative AI platforms can better understand their compliance requirements and reduce the risk of violations.

3. Stay current with the latest developments in generative AI technology. Companies that keep up with the latest advancements in generative AI technology can better understand how it can impact their business operations and take advantage of new opportunities.

If you’re interested in learning more about the potential applications of generative AI in risk and compliance, you should listen to the podcast. Stevens shares his insights into how 6clicks uses generative AI to help companies manage risk and compliance requirements more effectively.

Key Quote

“Generative AI refers to systems that effectively transform inputs into outputs, and the outputs generate something obvious, whether it’s an image or video, a slap of text, something like that.”

Resources

Ant Stevens on LinkedIn

6Clicks

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Daily Compliance News

April 4, 2023 – The Is FL Anti-Business Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition of Daily Compliance News:

·       Disney President says Florida under DeSantis is ‘anti-business.’ (WSJ)

·       Venezuela detains 44 more in a corruption probe. (Al Jazeera)

·       EY banned in Germany over Wirecard. (FT)

·       Italians wave good-bye to ChatGPT. (ComplianceWeek)

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Everything Compliance

Episode 113 – The Replika AI Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. Everything Compliance has been honored by W3 as the top talk show in podcasting. In this episode, we have the quartet of Jay Rosen, Jonathan Armstrong, Karen Woody, and Matt Kelly who discuss a potpourri of issues. We conclude with our fan fav Shout Outs and Rants section.

1. Matt Kelly looks at ChatGPT and raises several questions for the compliance professional. He rants about Facebook and its layoffs and performance reviews.

2. Jonathan Armstrong comes in smoking on the Replika AI imbroglio in Italy and discusses his collection of comments by users of the service. He shouts out to the British Navy for the Altmark Incident in 1940, the last recorded English naval battle fought with cutlasses.

3. Tom Fox shouts out  Valentine’s Day and all those hopeless romantics out there.

4. Karen Woody looks at the new rules promulgated by the SEC on insider trading. She shouts out to the Netflix show Cunk on Earth.

5. Jay Rosen looks at the First Energy corruption scandal and the current trial of former Ohio House speaker Larry Householder. He shouts out to Stevie Van Zandt donating a do rag to California Representative Jamie Raskin to wear during his cancer treatment.

The members of the Everything Compliance are:

•       Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com

•       Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu

•       Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com

•       Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at jonathan.armstrong@corderycompliance.com

•       Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at jonathan.marks@bakertilly.com

The host and producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

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Daily Compliance News

February 17, 2023 – The High-Risk Rebuild Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition of Daily Compliance News:

  • Jamaica PM facing corruption inquiry. (Reuters)
  • The high risk in Ukraine rebuild. (NYT)
  • The art and science of succession planning. (FT)
  • Is ChatGPT ready for the big time? (WSJ)
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Compliance Into the Weeds

ChatGPT for the Compliance Professional

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt and I take a deep dive into ChatGPT, a natural language processing tool that works by indexing every piece of written content on the Internet. We discuss the impact of the Biden administration’s proposals for AI and discusses NIST’s voluntary AI framework and  the utility of chat GPT in the workplace. What should your organization consider about incorporating AI into both their shipping decisions and mission-critical processes. If you’re interested in efficient and advanced AI technology, you don’t want to miss this episode.

Key Highlights Include

  • Impact of Chat GPT on Jobs -The Quality of Chat CPG for non-English Speakers
  • The Biden Administration’s Nonbinding Guidelines for Artificial Intelligence.
  • The Benefits of Adopting a Voluntary AI Framework by NIST for Defense Contractors
  • The Impact of Artificial Intelligence on Shipping and Work Processes

 Notable Quotes

  1. “Chat GPT can answer pretty much anything. It won’t necessarily tell you where it is getting this information. It will just give you information pretty much like the way Tom, I am answering your question right now. Just imagine text-based bot answering those questions in the same way. That’s what it is.”
  2. “Will it make your job easier? Probably for a lot of people who struggle to come up with written content. Yes, it could. But specifically then for compliance officers and let’s bring it back to what matters for our audience. We’ll chat GPT as used by others make my job harder. Compliance officers. Now I think, actually, you have a lot to worry about there, and we could get into that.”
  3. “But I just view this as a huge boom to anyone who is interested in research, anyone who is interested in learning, can’t replace the weekly and business journalist, Matt. So you’re good to go at Radical Compliance.”
  4. “But you have identified really, I think, the heart of the problem that compliance officers need to think about now. Because to me, it’s just 1 more tool.”
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Daily Compliance News

December 22, 2022 – The SBF is Coming Home Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you four compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network.

Stories we are following in today’s edition of Daily Compliance News:

  • More ‘instances of cheating’ in accounting tests but not systemic. (FT)
  • SBF is coming home. (Bloomberg)
  • Great job, boss, ‘kind of a jerk.’ (Reuters)
  • Ethical use of ChatGPT. (NYT)