Shaping the next generation of legal and policy frameworks to protect the public interest
The rise of artificial intelligence (AI) and other technologies is transforming capital markets and the legal systems designed to protect them. This poses unprecedented challenges and a new frontier of complex questions:
· How do we monitor and regulate transactions driven by complicated algorithms and executed with little or no human intervention?
· How do we protect data and systemic integrity?
· How do we assess responsibility for unintended consequences and adverse outcomes?
· How do we ensure fairness for individuals and companies in environments driven by AI?
Given the expertise of the Center for Innovation, the AI, Data, and Capital Markets Initiative is uniquely poised to map the implications of technological changes for public markets and advance proposals and advisories for policymakers and the public.
Samantha Ross is the UC Hastings Affiliated Scholar with the AI, Data, and Capital Markets Initiative.
Image credit: Emily Grundon, 2018, installation of Myriad (Tulips) by Anna Ridler, which explores AI & markets.