US Securities and Exchange Commission Chairman Paul Atkins rejected an initial proposal aimed at strengthening corporate artificial intelligence disclosure at a meeting of the SEC Investor Advisory Committee. He said that if the relevant information is substantial, the agency's existing rules already require reporting. The Investor Advisory Committee voted for the formal proposal to force companies to define artificial intelligence and report on how to deploy the technology, but emphasized that they only require disclosure of information important to rational investors.

US Securities and Exchange Commission Chairman Paul Atkins rejected an initial proposal aimed at strengthening corporate artificial intelligence disclosure at a meeting of the SEC Investor Advisory Committee. He said that if the relevant information is substantial, the agency's existing rules already require reporting. The Investor Advisory Committee voted for the formal proposal to force companies to define artificial intelligence and report on how to deploy the technology, but emphasized that they only require disclosure of information important to rational investors.