Massachusetts regulators investigate investment firms' use of AI

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Massachusetts is investigating the use of artificial intelligence by investment firms in client-facing tools and marketing materials to ensure there are safeguards.

Arista Networks CEO Jayshree Ullal reveals which of the cloud networking companies products support A.I. on The Claman Countdown.artificial intelligence

Massachusetts Secretary of State Bill Galvin, whose agency is the top securities regulator in the state, announced Thursday that his office sent letters of inquiry to several firms that are either using or in the process of developing AI tools to be used in their businesses. Among those firms are JPMorgan Chase and Morgan Stanley.

JPMorgan Chase is among the investment firms that Massachusetts securities regulators have sent inquiry letters to regarding the use of AI in client-facing tools and marketing materials.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Labor, industry gear up for dueling Massachusetts gig worker ballot measuresAn industry-backed group and a labor union on Wednesday proposed letting voters decide whether Uber Technologies and Lyft ride-share drivers in Massachusetts should be treated as independent contractors or allowed to unionize.
Source: Reuters - 🏆 2. / 97 Read more »

Massachusetts regulators launch probe into AI in securities industryMassachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns about the technology's potential unchecked use.
Source: Reuters - 🏆 2. / 97 Read more »