Thursday, January 4, 2024

As gen AI advances, regulators—and risk functions—rush to keep pace - Andreas Kremer, et al; McKinsey

The rapid advancement of generative AI (gen AI) has regulators around the world racing to understand, control, and guarantee the safety of the technology—all while preserving its potential benefits. Across industries, gen AI adoption has presented a new challenge for risk and compliance functions: how to balance use of this new technology amid an evolving—and uneven—regulatory framework.