American Banker’s Post

As #ArtificialIntelligence roars onto the scene, state lawmakers are scrambling to learn what it is and figure out how to regulate it. See below for the latest from Austin Jenkins. https://lnkd.in/eK2zFJJA

If you're interested in how state Attorneys General are reacting to artificial intelligence, check out my blog post for Foley Hoag LLP's State AG Insights Blog! The post summarizes AI-related activity by state AGs in the past year, including enforcement actions, state legislative and policy development, and coalition letters to Congress and federal agencies:

Interesting that it take effect Feb. 1, 2026. Why not for 2024 election? Should this also be extended to other important communication like Finacial communication. Ken Fricklas S.B. 24-205 is part of Colorado’s Consumer Protection Act, which also includes the Colorado Privacy Act. If Gov. Jared Polis signs it, it would take effect Feb. 1, 2026. A piece of legislation on “candidate election deepfake disclosures,” House Bill 24-1147, has also passed the statehouse. It seeks to curb deepfakes or AI impersonations in political communications. The bill would make deceptive portrayals of presidential candidates potential crimes of perjury and forgery. It would also impose civil penalties for sending out any communication regarding a candidate for elective office, using deepfake technology. The bill headed to Polis’ desk May 15 for his signature. https://lnkd.in/gNvn3NEp

Our blog post for this week brought to you by Associate Editor, Trey Gates, titled "Bridging the Justice Gap: Can Artificial Intelligence Tools Expand Access to the Legal System for Underserved Populations?" Check it out now!

An Public Administration Route to Algorithmic Transparency, Part III: Thresholds for Transparency in Private Sector https://lnkd.in/g84-8BpX

If your systems and workflows are not the most robust in the world, will AI magically fix them? That is, has AI repealed the law of GIGO? The #IRS claims that yes, AI will fix the myriad things they've never had time to address. That the new equation is Garbage In + AI magic wand = Love and Sunshine. So.... what will really happen? Join me tomorrow with fellow tax attorney Yael N Lazar, Esq. the IRSAngel as we discuss the reality behind the IRS's latest enforcement scare/threat. https://lnkd.in/ekSsitpa

Somehow, we as the human race, seem to not have advanced very far at governing global challenges, such as AI.. but we are trying. In situations (and meetings) like these it seems so obvious how power, money and interests live in some demoracy vacuum. What’s wild to me is how the systemic structures are reinforcing themselves, now with the power tool of AI. But at the same time it is also showing those mechanisms more clearly which makes it easier to see the need for new ways of solving hard questions that concerns a whole planet. I’m curious who decides on the invite list for such meetings? Probably a naive question - but I’d start there - have a diverse team decide on 1) the invite list and 2) the agenda. The process itself needs to be more democratic.

How Law is Supposed to Work in the U.S. and then There's This. How it's supposed to work: Government representatives identify an area of commerce that needs regulation. Congress debates a bill (after related committee work) and passes a law setting out clear national policy. Lobbyists lobby. The President signs or vetoes such bill. Relevant regulatory bodies propose regulation and, following administrative law procedures, ultimately promulgate regulation. Judicial review may or may not occur. How it currently works: Lobbyists lobby. The White House issues an Executive Order under the Defense Production Act without Congressional involvement. Executive agencies issue related regulation relying on that Order with barely a concern about their jurisdiction, the lack of Congressional policy imprimatur, or the "major questions" doctrine. Congress does nothing about this usurpation of its authority. Judicial review may or may not occur. #lawandpolitics #constitutionallaw #executivebranch #democraticrepublic #whitehouse #oathofoffice #judicialreview #AI #artificialintelligence #authoritarianism #fascism #lobbying #lobbyists

Testing AI models from the perspective of outcomes (i.e. inferences using real data) can be more practical than looking at source code.

What confidence do you have that unassisted human powers of observation and deduction will be able to detect AI-assisted deep fake election-related content in today's world?