Client Alert: New SEC Guidance on AI Disclosures in Form 10-K
On May 14, the SEC's Division of Corporation Finance issued guidance clarifying expectations for AI-related risk-factor disclosures in annual reports. Public companies leveraging generative AI in core operations should evaluate whether existing disclosures adequately capture model-risk, IP, and third-party dependency considerations.
This alert is provided for general informational purposes only and does not constitute legal advice. Readers should consult counsel licensed in the relevant jurisdiction before acting on any information herein.