Inside the SEC’s AI approach: Spotting risks, building on machine-learning past

• The article discusses Dave Bottom’s experience and perspective on the use of artificial intelligence (AI) at the Securities and Exchange Commission (SEC), where he serves as the Chief AI Officer and Chief Information Officer.
• Bottom has a background in geospatial technology and has worked for various government agencies, including the National Geospatial-Intelligence Agency, the CIA, and the Department of Homeland Security.
• He draws parallels between the evolution of geospatial technology and the current state of AI, noting that the SEC is taking a proactive approach to AI governance and compliance, similar to how it has handled other data and IT issues in the past.
• The SEC has a long history of using machine learning and is now shifting towards more generative AI work.
• The agency recently published its AI compliance plan and is set to release its use case inventory this month, which will include some yet-to-be-revealed generative AI use cases.

• Read More: https://fedscoop.com/sec-artificial-intelligence-ai-financial-securities-markets/