Open AI is an artificial intelligence (AI) research and deployment company that is behind the creation and commercialization of ChatGPT as well as other research initiatives concerning artificial general intelligence (AGI), “a highly autonomous system that outperforms humans at most economically valuable work.” AGI has been considered a fringe topic in the technology industry. For… Read More »
The SEC finalized its climate-risk disclosure rule earlier today, two years after first proposing the rule. The final rule significantly pares back disclosure requirements for greenhouse gas emissions but otherwise adheres to the basic structure of the proposed rule. This post summarizes the process followed to get to this point, potential legal challenges to the… Read More »
In my new paper for the Climate Risk Disclosure Lab, I examine the different approaches to regulating Environmental, Social, and Governance (ESG) investing in the U.S. and European Union. The rise of ESG has brought significant challenges. The lack of a universal framework for ESG evaluation makes it difficult for investors and other stakeholders to… Read More »
Last week, Judge Analisa Torres of the United States District Court for the Southern District of New York ruled on cross-motions for summary judgement filed by the SEC and Ripple in relation to ongoing litigation that dates back to December 2020. The following is a short summary of Judge Torres’ ruling and my initial reactions.… Read More »
The following letter was submitted to the House Financial Services Committee for inclusion in the record of a June 13, 2023, hearing titled: “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” The hearing was held to discuss a recently introduced bill that would provide a statutory framework for digital asset regulation.… Read More »
This article first appeared on the Climate Risk Disclosure Lab’s website. On March 21, 2022, the Securities and Exchange Commission (“SEC” or “Commission”) released a proposed rule titled “The Enhancement and Standardization of Climate-Related Disclosures for Investors.” If finalized, the rule “would require registrants to provide certain climate-related information in their registration statements and annual… Read More »
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