The Most Critical Factors for AI Legal Compliance: Transparency and Explainability

As artificial intelligence (AI) and generative AI (GAI) continue to evolve and become integral to business operations, businesses must be mindful of the risks associated with deploying AI solutions. Although there is not yet a comprehensive law governing AI, regulators have tools to hold businesses accountable. They are focused on transparent and explainable AI solutions to ensure that consumers and key stakeholders understand how these systems operate and make decisions. Because regulators are focused on these requirements, businesses should develop AI solutions aligned with industry standards, such as leveraging the NIST framework.