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Securities Industry and Financial Markets Association (SIFMA)
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Mandate third-party audits for major AI systems
Securities Industry and Financial Markets Association (SIFMA) votes Against and says:
AI audits should focus on risk assessment programs rather than individual AI applications. Auditing each application will result in a misallocation of resources, with too much effort spent on low-risk AI (e.g., spam filters, graphics generation for g... more Unverified source (2023)