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ARTICLE · 08 AUGUST 2023

Artificial Intelligence: An Introduction And General Regulatory Landscape

Perkins Coie LLP
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Artificial intelligence (AI), a term first coined in the 1950s, is a field of technology that engages in problem-solving by using AI algorithms to make predictions or classifications based on input data.

United StatesTechnology
Sandhya Ganapathy
Sandhya Ganapathy

Introduction to AI and Definitions

Artificial intelligence (AI), a term first coined in the 1950s, is a field of technology that engages in problem-solving by using AI algorithms to make predictions or classifications based on input data.1 With the recent emergence of generative AI technology, the regulation of AI has become a priority for various governmental agencies due to its expansive capabilities and potential uses. As AI technology continues to develop and be used across industries, investment managers, developers, and regulators alike must consider the implications and risks associated with using this technology.

This series of articles will discuss the potential regulation of AI technology in the financial services industry. This article will begin the series with a discussion of the general regulatory landscape of AI in the United States.

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