MFDF Publishes Article on AI, What Fund Boards Need to Know

In early April, MFDF published an Investment Lawyer article titled, “Artificial Intelligence Oversight: Implications for Mutual Fund Boards,” which provides an overview of artificial intelligence and the current regulatory environment, as well as key oversight considerations for fund directors. MFDF noted that the rapid development of AI and its potential to have a transformative impact on society, as well as the financial services industry, have been top of mind for fund directors recently. Determining how to gain acumen in AI, stay abreast of regulatory developments, and assess risks and benefits in the use of AI can be particularly challenging, especially given the lack of a comprehensive AI regulatory regime currently.

Click here to read the MFDF Investment Lawyer article “Artificial Intelligence Oversight – Implications for Mutual Fund Boards.”