SEC · SEC-47 · record R0040
Using AI to answer questions about a corpus of uploaded files
Securities and Exchange Commission · Division of Enforcement (ENF), Division of Economic and Risk Assessment (DERA)
Overview
- Development stage
- DeployedSource: c) Deployed – The use case is being actively authorized or utilized to support the functions or mission of an agency.
- High-impact designation
- Not high-impactSource: c) Not high-impact
- Impact justification
- Not reported
- Start date
- 2025-05 (month precision)Source: 05/2025
- Withheld from public reporting
- NoSource: a) No
Mission
- Topic area
- Other
- Operational functions
- Chatbot or virtual assistant, Search and knowledge retrieval Derived by keyword rules; see methodology
Problem the AI is intended to solve
This AI service will provide a internal Large Language Model for general usage for chatting and answering questions about user uploaded files and internal knowledge bases.
Expected benefits
Cost and time savings by reducing Staff's time in reviewing a large number of documents.
System outputs
Chat response is in direct response to users individual request.
Technology
- AI classification
- Generative AISource: Generative AI: AI that generates new or synthetic content (e.g., images, videos, audio, text, code).
- System name(s)
- SEARCH
- Custom-developed code
- Yes
- Public source code
- Not reported
Sourcing
- How it was built
- Contract and in-houseSource: c) Developed with both contracting and in-house resources
- Vendor (as reported)
- Elder Research
- Vendors (standardized)
- Elder Research
A vendor is the supplier named by the agency. It does not identify the underlying model or AI technology.
Data and privacy
- Involves PII
- No
- Privacy Impact Assessment
- Not reported
- Authorization to Operate
- Yes
- Demographic features
- k) None of the above
- Training and evaluation data
- We used public 10-K and ADV filings for evaluation of models on Question & Answering tasks, and information extraction tasks.
- Federal Data Catalog
- Not reported
Governance
0 of 8 minimum-practice questions answered. A blank answer means the agency reported nothing; it does not mean the practice is absent.
Pre-deployment testingNo answer reported
AI impact assessmentNo answer reported
Independent reviewNo answer reported
Ongoing monitoringNo answer reported
Operator trainingNo answer reported
Fail-safeNo answer reported
Appeal processNo answer reported
User and public consultationNo answer reported
Potential impacts and how they were identified
Not reported