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SEC Cautious on Generative Artificial Intelligence Use, Official Says

Risk assessment

SEC Cautious on Generative Artificial Intelligence Use, Official Says

A Securities and Exchange Commission official said the agency is not yet adopting third-party generative artificial intelligence tools because of the risks. 

Speaking at a recent Advanced Technology Academic Research Center panel discussion, Jennifer Diamantis, special counsel to the chief AI officer in the SEC’s Office of Information Technology Strategy and Innovation, said that the agency is nonetheless exploring the technology’s use and safe testing. 

According to Diamantis, the agency is ready to review government AI policy and compliance to ensure that the agency is ready to manage the risks once it adopts the technology, FedScoop reported Friday

Diamantis disclosed that the SEC is educating its staff on AI through training seminars with outside speakers, aside from forming an AI community and user group in the agency.

A U.S. Export-Import Bank executive also revealed in the ATARC forum that the organization has similar AI working groups discussing technology adoption strategies, including identifying potential use cases. 

Howard Spira, Ex-Im’s chief information officer, said other group discussion areas focus on accountability and best practices, such as avoiding private information entries into public large language models, such as ChatGPT.

On March 21, join the Potomac Officers Club’s 5th Annual AI Summit, where federal leaders and industry experts converge to explore the transformative power of artificial intelligence. 

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Category: Digital Modernization

Tags: AI tools artificial intelligence digital modernization Export-Import Bank FedScoop generative AI Securities and Exchange Commission US government