Advice firms 'not at all' prepared for AI compliance activities

In its AI Index report released today (23 May), the firm noted that the use of AI opens several new compliance challenges including general data protection regulation, AI ethics and the compliance with Information Commissioner's Office rules. When asked about specific governance policies, readiness from advisers dropped further. The research found that 47% are ‘not at all' prepared for general AI policy or strategy, 26% are ‘slightly' prepared, whilst 9% said ‘somewhat' and 18% are fully prepared. When it comes to a clear guideline to AI implementation, 41% are not at all prepared,...