AI: Complex Emerging Regulatory and Risk ConcernsBenham Dayanim, Patricia Titus and Heather West Discuss Critical AI Considerations
While AI is presenting intriguing opportunities for productivity and innovation, the tech world must grapple with serious regulatory, legal and related policy considerations, said privacy, security and legal experts Benham Dayanim, Patricia Titus and Heather West in this CyberEdBoard talk.
Currently, the United States has no federal AI regulatory legislation in the pipeline, said Dayanim, partner and global head of digital commerce and gaming at Orrick, Herrington & Sutcliffe LLP. So, one critical question is whether policymakers might regulate AI by "overweighing risks and underweighting benefits, he said.
Yet at the same time, "AI as a broad umbrella term is not particularly useful for a regulatory regime," said West, senior director of cybersecurity and privacy services at Venable LLP.
Titus, chief privacy and information security officer at Markel Corp., also has concerns. The output of AI is only as good as the data that is fed in, she cautioned, and "people are going to start making risk-based decisions around data that may not be accurate."
"But if we govern too much, we're going to stifle innovation," Titus added. "As companies, we have to figure out what's ethical and responsible as we're using this new capability."
- Global regulatory developments involving AI;
- Other important security and privacy considerations for AI;
- The standards for training AI.
Dayanim serves as global head of digital commerce and gaming at Orrick, Herrington & Sutcliffe LLP. He has been ranked globally and nationally as a leading privacy, fintech and gaming attorney.
Titus previously served as vice president and CISO at Freddie Mac, Symantec, Unisys Corp. and the Transportation Security Administration within the Department of Homeland Security. She has expertise in transforming, implementing and maintaining robust cybersecurity and privacy programs.
West focuses on data governance, data security, digital identity and privacy in the digital age at Venable LLP. She has been a policy and tech translator, product consultant, and long-term internet strategist, guiding clients through the intersection of emerging technologies, culture, governments and policy.
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