OpenAI faces investigation from state attorneys general
Action Required: Review current vendor due diligence documentation for AI tools, specifically regarding data privacy and handling of sensitive client information.
OpenAI is currently under investigation by multiple state attorneys general regarding its data handling practices, including potential misuse of health data and advertising policies. For financial advisors, this highlights the ongoing regulatory scrutiny surrounding AI vendors, which could impact future data privacy requirements and vendor due diligence processes.
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