Tag: AI regulations

Australia’s corporate regulator has placed at the top of its agenda the regulation of artificial intelligence development in the financial markets amid the “new and different ” risks attached to the quickly evolving technology, partly driven by the fear of being “left behind”. In a recent speech at a financial markets forum, Australian Securities and Investment Commission (ASIC) chairman Joe ...

In what appears to be a world first, a government agency in New Zealand has banned employees from using AI technology over data and privacy concerns. The New Zealand Ministry of Business, Innovation, and Employment (MBIE) issued the ban on tools like ChatGPT after concerns sensitive information inputted into such platforms could be later retrieved, reported RNZ. AI-powered chatbots trawl through ...