Tag: Fines
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Fake ChatGPT Cases Result in Lawyers Losing $5,000 and Facing Public Humiliation
Two Manhattan lawyers fined $5,000 for submitting a court brief with fake quotes generated by AI program ChatGPT. Legal ethics experts warn of disciplinary consequences. #AIinLaw
Lawyers Penalized for Filing False Cases Based on ChatGPT Research
Find out why a US law firm and two lawyers were fined for filing court papers filled with fabricated legal cases using an AI chatbot. Read now.
Understanding the Legal Limits of Data Collection and Privacy
Learn how businesses can navigate ever-evolving data privacy regulations and build a privacy first culture to maintain customer trust and avoid fines.
Italian Authorities to Assess AI Platforms Following ChatGPT Ban
The Italian Data Protection Authority is actively monitoring AI platforms and tools for compliance with data protection and privacy laws. Recently, the board enforced a ban on OpenAI's ChatGPT while exploring options to increase its manpower to refine their scrutiny. With fines being imposed on facial recognition software providers, the agency is staying ahead of the game in understanding the potential data breaches from AI technology.
Improving AML Performance with Automated Machine Learning and Model Evaluation
Anti-Money Laundering compliance is now of utmost importance for banks. Automated Machine Learning is the better option to detect suspicious transactions and comply with regulations, quickly and efficiently. Learn how banks are turning to AutoML and staying ahead of threats, avoiding harsh fines like Danske Bank.