The Securities and Exchange Commission said Friday that it has launched a task force on artificial intelligence "to spearhead the agency’s efforts to enhance innovation and efficiency in its operations through the responsible use of AI."
Valerie Szczepanik, who has been named the SEC’s Chief AI Officer, is leading the task force.
“The AI Task Force will empower staff across the SEC with AI-enabled tools and systems to responsibly augment the staff’s capacity, accelerate innovation, and enhance efficiency and accuracy,” said SEC Chairman Paul Atkins, in a statement.
“By ingraining innovation into our culture SEC-wide, we will further our mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation,” Atkins added.
The SEC’s AI Task Force will "centralize the agency’s efforts and enable internal cross-agency and cross-disciplinary collaboration to navigate the AI lifecycle, remove barriers to progress, focus on AI applications that maximize benefits, and maintain governance," the agency said.
The task force "will support innovation from the SEC’s divisions and offices and facilitate responsible AI integration" across the agency.
"I look forward to accelerating work already underway in the SEC’s divisions and offices to build enterprise capacity for AI innovation and implement AI solutions that are trustworthy, effective, and mission enhancing,” Szczepanik said in the statement.
Szczepanik previously was director of the SEC’s Strategic Hub for Innovation and Financial Technology, and the senior advisor for Digital Assets and Innovation as well an associate director in the SEC’s Division of Corporation Finance.
Before that, she served as assistant director in the Division of Enforcement and a special assistant attorney at the U.S. Attorney’s Office for the Eastern District of New York. She received her law degree from Georgetown University and her undergraduate degree in engineering from the University of Pennsylvania.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.