OpenAI Faces Complaint to FTC That Calls for Suspension and Investigation of ChatGPT Tech

The research firm behind the viral chatbot has come under scrutiny. Specifically, OpenAI is facing a complaint to the Federal Trade Commission (FTC) that is seeking the suspension and investigation of its ChatGPT tech. Moreover, the complaint was issued by the Center for AI and Digital Policy (CAIDP) for potential FTC violations.

The generative AI systems in development from OpenAI have culminated in the recently released GPT-4 model. Subsequently, possessing capabilities that far exceed the chatbot, the new CAIDP complaint is centered around potential deceptive business practices, according to CNBC.

World’s top climate scientists issue ‘survival guide for humanity,’ call for major course correction


-The latest report from the U.N.’s Intergovernmental Panel on Climate Change provides world leaders with a gold-standard summation of modern climate science.

-It is the first comprehensive report from the U.N. climate panel since the 2015 Paris Agreement.

-“Today’s IPCC report is a how-to guide to defuse the climate time bomb. It is a survival guide for humanity,” U.N. Secretary-General António Guterres said on Monday

SEC Provides New Far-Ranging Cybersecurity Guidance

The Securities and Exchange Commission (“SEC”) released expansive interpretive guidance (“2018 Guidance”), posted February 21, 2018, further building upon its far-reaching cybersecurity guidance provided in 2011. Below are four key takeaways that will be essential in complying with federal securities laws going forward. 1. The SEC recognizes that effective cybersecurity has never been more important to capital[…]

US agency approves rule aimed to investigate Chinese auditing firms

Targetting Chinese auditing firms, the United States Securities and Exchange Commission (SEC) approved a rule on Friday aimed at implementing a law banning foreign companies from US exchanges if their auditors haven’t been inspected by American regulators, a media report said. The new rule puts a framework in place to investigate auditing firms in jurisdictions such as China and Hong[…]

United States: US Customs and Border Protection issues FAQs on Forced Labor Reiterating Commitment to Enforcement and Encouraging Companies to Implement Compliance Programs

Yesterday, as part of its annual Virtual Trade Week series, US Customs and Border Protection (“CBP”) issued a list of Frequently Asked Questions on forced labor (“the FAQs”).  The FAQs consist of responses to ten questions focused on current issues and latest developments in forced labor enforcement.  As mentioned in the FAQs, in FY2020 (October 1, 2019[…]

COVID-19 Scams Target The Business Community

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. But new concerns are mounting over the U.S. government’s inability to curb the risk of fraud that emerged during the first round of PPP funding. Reports in The Wall Street Journal said the latest pandemic relief[…]

Companies Target Workforce Risks in 2021

Work-from-home arrangements–and return-to-office concerns–are top-of-mind for executives, risk groups say. Business-risk prognosticators are focused on the future of work—and the challenges that an increasingly remote workforce could continue to pose—in 2021. The transformation of work in the past year, due in large part to the coronavirus pandemic, has heightened dangers related to business continuity, cybersecurity,[…]

‘Sustainable investing’ is surging, accounting for 33% of total U.S. assets under management

KEY POINTS Assets managed with environmental, social and governance concerns continue to surge. Between 2018 and 2020, total U.S.-domiciled sustainably invested assets under management, both institutional and retail, grew 42%, to $17.1 trillion, up from $12 trillion. Assets managed with environmental, social and governance considerations continue to surge. And while still largely driven by institutional[…]