SEC Chairman Paul Atkins rebuffed a preliminary proposal to boost corporate artificial intelligence disclosures Thursday, saying agency rules already require the reporting if it’s material.
The Republican’s remarks at a meeting of the Securities and Exchange Commission’s Investor Advisory Committee came as the panel is considering ways for the agency to elicit more details from companies about their AI use. Investors have challenges assessing and comparing artificial intelligence risks, according to the panel.
The SEC should compel companies to define AI and report how they deploy the technology and how their boards oversee it, the committee said in preliminary advice ...
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