An overview of the current AI landscape

The ongoing proliferation of automated systems and artificial intelligence (AI) across industries has led to the development of regulations governing the use of these systems. The first of its kind, New York City Local Law 144 mandates independent bias audits of automated employment decision tools (AEDTs) used to evaluate candidates for employment or employees for promotion in New York City. Colloquially known as the NYC Bias Audit Law, the regulation focuses on biased outcomes based on protected characteristics such as race/ethnicity and sex/gender. While this law only applies to systems used in hiring and promotion decisions, it is likely a sign of things to come and paves the way for other, more sweeping legislation that mandates audits in different sectors and jurisdictions and in relation to other risk verticals.