The Department of Justice’s (DOJ) Evaluation of Corporate Compliance Programs (ECCP) highlights the importance of artificial intelligence (AI) governance frameworks, but does not address what role compliance should play. . This is the answer.
The Department of Justice considers the use of AI tools by companies an “emerging risk” and recently updated the ECCP to reflect this new thinking. Compliance manages risk, so in the ECCP, the Department of Justice expects compliance to manage an organization’s risks related to the use of AI and other emerging technologies.
The update is the latest effort by global regulators to put guardrails around largely untested technologies that have spread rapidly across tech industries, financial services and elsewhere. Companies are looking to leverage AI in everything from predicting changes in price, supply, and demand to improving communication. Google says more than a quarter of its code is now written by AI, and Coca-Cola is even using the technology to create new ads.
