The growing use of video and automated technology, including artificial intelligence (AI), in employment practices—and the concern that the technology may foster discrimination and bias—has triggered a wide array of regulatory efforts. At least 11 statutes have been introduced targeting the use of AI-related technology to assist with employment decisions. Employers should take note of enacted and proposed legislation and consult with legal counsel before implementing automated employment technologies.
Artificial Intelligence and Machine Learning
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Managing the Risks of Generative AI
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Something revolutionary has happened. Suddenly, anyone with an internet connection, armed only with the ability to hold a conversation in a chat app, could wield the transformative power of artificial intelligence (AI). After the debut of ChatGPT, AI continues to become ever more deeply intertwined into our lives and businesses.
Artificial Intelligence (AI), which is being considered “The Fourth Industrial Revolution,” is the latest innovation and technology disruption fueling growth and reshaping societies alike. While there are investment opportunities where big winners are reaping the benefits of AI, the future of AI remains uncertain. In this early stage of AI advancement, it is important to understand the inherent risks of concentrating portfolios in themes and trends—including AI—that are likely to evolve and shift over time.
Control AI Cybersecurity Risks
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The use of artificial intelligence (AI) continues to spread with a staggering speed as it reshapes industries through improved efficiency, productivity, and decision-making. However, the meteoric rise and adoption of AI technology—including ChatGPT—can overshadow some valid concerns around security and privacy. Addressing those concerns, this report offers insights from industry use cases for AI and delves into the cybersecurity risks, privacy regulations and compliance, mitigation strategies, and immediate actions that security teams can take to mitigate the risk from generative AI.
My Employees Are Using ChatGPT. What Now?
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The growth of ChatGPT and other artificial intelligence (AI) tools is not slowing down. From small startups to multinational corporations, employees across the spectrum are leveraging ChatGPT to enhance their productivity and streamline their workflows. Given the potential risks—including confidentiality and personal data and privacy violations—associated with the use of ChatGPT and similar tools, it’s crucial for companies to provide guidance to their employees.
Join our FOX Chief Technology Officer and a panel of Partner experts for a discussion on new software, future paths of technology, A.I., and technology services for advisors and family office. Use this opportunity to ask your own questions to a group of experts in the family office technology space. Jeff Coyle, Founder & CEO, Libretto Nicole Eberhardt, CEO, Ledgex Murali Nadarajah, CIO, Eton Solutions Kent Lawson, Chief Technology Officer, FOX
Wendy McCoy, former Global Offering Leader for IBM bringing AI solutions to market, shares her insights into the advances of Artificial Intelligence and how Family Offices are likely to be impacted by these technologies, both now and in the future. Walk away with practical information you can use today, as well as tips for approaches to avoid and when to use caution. Wendy McCoy, Chief Strategy Officer, Ledgex Kent Lawson, Chief Technology Officer, FOX
AI is revolutionizing family office services by automating administrative tasks, improving decision-making, and enhancing security. Through automation, AI streamlines back-office operations, freeing up time for strategic endeavors. It enables personalized services by analyzing client data and delivering tailored advice. AI tools strengthen data privacy and cybersecurity measures. While AI brings efficiency and accuracy, its implementation should be mindful, preserving the personal touch that is integral to family office services.
New EEOC Guidance Clarifies Employer Responsibility for Discrimination in AI Employment Tools
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Many employers have begun using artificial intelligence (AI) tools supplied by third-party vendors. On May 18, 2023, the Equal Employment Opportunity Commission (EEOC) provided guidance indicating that, in its view, employers are generally liable for the outcomes of using selection tools to make employment decisions. Learn more about what tools are covered in the EEOC guidance that clarifies an employer’s responsibility for discrimination in AI employment tools.
Hidden Dangers in the Use of Artificial Intelligence
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There are a lot of upsides to using Artificial Intelligence (AI) technology, but there are also a lot of risks. In this edition of Warner’s Emerging Media and Technologies Industry Update, Brian Wassom offers tips and guidance on what businesses can do to protect themselves against AI pitfalls that could put them in the legal hot seat. Watch the video to learn more about this emerging space and the risks associated with AI, including the big issues concerning privacy, copyright infringement, and accuracy.