Understanding SEC’s Focus Amid Lack of Final AI Rules

Last year, the U.S. Securities and Exchange Commission (SEC) proposed ambitious rules relating to artificial intelligence (AI) that have drawn significant commentary and criticism. While it is unlikely that any changes in the law are imminent, other initiatives by the SEC indicate that it is not content to wait for those changes before addressing AI-related problems and risks that it perceives……
By: Skadden, Arps, Slate, Meagher & Flom LLP