AI/SEC

Consistent with the Federal Administration’s “full speed ahead” approach in what seems to be a race with China to dominate AI technology, the SEC last Friday announced that the agency had created a task force to spearhead the use of AI in operations of the Commission itself.  Among expected advantages is enabling “cross-agency and cross-disciplinary collaboration….”

The announcement did not address the manner in which the SEC will examine the filings of AI companies, but a fair expectation will be that Republican control of the staff will engender more  positive views of AI and likely a decline in caveats as to business risks from AI utilization.  The clear discomfort of the Democrat-controlled Commission with AI (not to mention Crypto, an entirely different but equally suspect “new thing”) seems a thing of the past.

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