AI Disclosures in SEC Filings: Trends From the S&P 500


7 minute read | June.21.2024

The dramatic growth of AI has sparked a rise in the number of public companies disclosing AI capabilities, opportunities and risks, and governance in filings with the Securities and Exchange Commission.

Our review of SEC filings from the S&P 500 for the 12 months ending April 30, 2024, paints the portrait of an evolving landscape when it comes to AI disclosures. It reveals trends in investor expectations, activist investor interest and companies mentioning AI in the “Risk Factor” and “Business” section of their 10-K forms and in their proxy disclosures.

In three new articles in TheCorporateCounsel.net. Orrick’s J.T. Ho, Bobby Bee and Hayden Goudy dive into the numbers to extract lessons for public companies, including the need to validate AI statements thoroughly and ensure effective oversight of any significant AI risks they disclose.

Read the articles:

Part 1

Part 2

Part 3