AuditBoard Launches AI Governance Solution to Help Customers Optimize AI Innovation
New solution embeds AI governance into audit and risk platform, strengthens oversight, streamlines compliance, and scales responsible AI adoption
SAN FRANCISCO, April 28, 2025 /CNW/ -- AuditBoard, the leading global platform for connected risk, transforming audit, risk, and compliance, today announced a robust new AI governance solution at the RSAC™ Conference in San Francisco, California. This solution enables customers to fast-track their AI risk management programs and drive responsible AI innovation and adoption at scale.
AuditBoard's new AI governance solution will help customers meet AI best practices outlined in frameworks like the National Institute of Standards and Technology's AI Risk Management Framework (NIST AI RMF), protecting their organizations from the cyber, reputational, and financial risks associated with noncompliance.
"This solution will help compliance teams address the widespread and urgent need for AI governance we are seeing across all industries," said Happy Wang, Chief Technology Officer at AuditBoard. "Our customers can now quickly identify, assess, and mitigate potential risks associated with AI systems, ensuring a more efficient and proactive approach to managing AI."
The growing appetite for AI governance is undeniable as organizations across industries increasingly integrate AI into their processes. A recent survey conducted by AuditBoard and Ascend2 found that 72 percent of audit, risk, and compliance practitioners believe AI will significantly impact their risk management processes. However, while excitement and optimism around AI are palpable, organizations need to strike a balance between embracing AI's opportunities and ensuring they are deploying AI responsibly.
Uptake of the technology has been swift, with more than 80 percent of AuditBoard AI customers accepting generative content into their systems of record. To help customers ensure responsible governance of not just AuditBoard AI, but any AI tool or model in their environment, AuditBoard's AI governance solution expedites AI risk management programs and ensures responsible AI usage by:
Streamlining AI use case intake, review, and approval processes
Establishing a single source of truth for approved AI use cases and models to responsibly federate decision-making
Dynamically linking AI risks to vendors, assets, and controls to continuously monitor AI risks across ecosystems
"My team is responsible for assessing each AI use case at AuditBoard and ultimately giving the green light," said Anthony Plachy, General Counsel at AuditBoard. "With the surge in AI tools we are seeing in the market, our use cases across the business have started to increase rapidly. The team was able to build this AI governance solution to help us manage the uptick of requests we have coming in, while ensuring each use case meets our internal AI governance standards. This solution has fundamentally transformed our team's work, and we're confident it will empower our customers to effectively navigate their AI journey."
To see these new capabilities in action, visit the AuditBoard booth at the RSAC conference or visit AuditBoard. com.
About AuditBoard
AuditBoard's mission is to be the category-defining global platform for connected risk, elevating our customers through innovation. More than 50% of the Fortune 500 trust AuditBoard to transform their audit, risk, and compliance management. AuditBoard is top-rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the sixth year in a row as one of the fastest-growing technology companies in North America by Deloitte.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
40 minutes ago
- Cision Canada
First Capital REIT Announces C$300 Million Offering of Series E Senior Unsecured Debentures
TORONTO, June 11, 2025 /CNW/ - First Capital Real Estate Investment Trust ("First Capital" or the "REIT") (TSX: announced today that it has agreed to issue C$300 million aggregate principal amount of Series E senior unsecured debentures (the "Debentures"). The Debentures are being offered on an agency basis by a syndicate of agents co-led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures, which will be issued at a price of $100.00 per $100.00 principal amount of Debentures, will bear interest at a rate of 4.832% per annum and will mature on June 13, 2033. Subject to customary closing conditions, the offering is expected to close on June 13, 2025. It is a condition of closing that the Debentures be rated at least "BBB" with a "Positive" rating outlook by DBRS. The offering is being made on a private placement basis in each of the provinces of Canada, and the Debentures will be issued pursuant to the REIT's trust indenture dated as of May 25, 2020, as supplemented. The Debentures will be direct unsecured obligations of the REIT and will rank equally and rateably with all other present and future unsecured and unsubordinated indebtedness of the REIT. The net proceeds of the offering will be used to repay existing debt, including the repayment in full of the REIT's $300 million of Series S Debentures due July 31, 2025, and for general business purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About First Capital REIT (TSX: First Capital owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in Canada. Forward- looking Statement Advisory This press release contains forward-looking statements and information within the meaning of applicable securities laws, including statements about the REIT's issuance of the Debentures, the closing of the offering and the use of proceeds thereof. These forward-looking statements are not historical facts but, rather, reflect First Capital's current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include those discussed in First Capital's Management Discussion and Analysis for the year ended December 31, 2024 and for the quarter ended March 31, 2025, and in its current Annual Information Form. Readers, therefore, should not place undue reliance on any such forward-looking statements. First Capital undertakes no obligation to publicly update any such forward-looking statement or to reflect new information or the occurrence of future events or circumstances except as required by applicable securities laws. All forward-looking statements in this press release are made as of the date hereof and are qualified by these cautionary statements. SOURCE First Capital Real Estate Investment Trust


Globe and Mail
an hour ago
- Globe and Mail
Wells Fargo Predicts Double-Digit Upside for Shopify Stock
The stock of e-commerce company Shopify (SHOP) jumped over 6% higher after Wells Fargo (WFC) raised its target price to $125 from $107 on Friday. This new target suggests about 12% upside potential from current levels. The bank believes Shopify could quietly become one of the biggest beneficiaries of the AI boom. Confident Investing Starts Here: Wells Fargo Sees Big AI Opportunity for Shopify Wells Fargo called Shopify a 'thematic AI story.' The firm said that though SHOP is not usually seen as an AI stock, there are clear signs the company is heading that way. It pointed to Shopify's growing use of AI within its operations, new AI tools for merchants, and partnerships with major players like OpenAI, Meta (META), and Perplexity. The analyst believes that these initiatives could help Shopify make the shopping experience better for users and help sellers manage their stores with more ease. Building on that view, Wells Fargo expects AI to bring major changes to e-commerce going forward. The firm believes AI will allow online stores to offer more personalized shopping, automate customer service, and better manage pricing and inventory. The analyst thinks Shopify is well-positioned to benefit from these changes. Looking ahead, the firm sees strong growth in what it calls 'agentic commerce,' where AI acts like a personal shopping assistant. Wells Fargo expects this space to expand quickly and reach $505 billion in sales by 2030. The analyst believes Shopify is in a good spot to capture a solid share of this market. Overall, Wells Fargo sees Shopify as more than just an e-commerce company. With the company's strong focus on AI, the firm views it as a smart, long-term bet in the AI space. Is SHOP a Good Stock to Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on SHOP stock based on 26 Buys, 11 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SHOP price target of $113.44 per share implies 1.82% upside potential. See more SHOP analyst ratings


Globe and Mail
2 hours ago
- Globe and Mail
Prediction: This Artificial Intelligence (AI) Stock Could Be the Next Nvidia -- and It's Not What You Think
Nvidia has been at the forefront of the artificial intelligence (AI) revolution thanks to its powerful graphics processing units (GPUs), which have allowed companies and governments around the globe to train and deploy AI models and applications. The semiconductor giant literally kicked off the AI craze with its A100 GPUs, which were used to train ChatGPT. Since then, multiple AI models from several companies have been trained and brought into production with Nvidia's chips. In fact, Nvidia continues to dominate the AI chip market even now, establishing a big lead over its rivals. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Nvidia's AI-fueled growth has powered a massive surge in its stock price in the past three years. The stock remains a solid bet even after its phenomenal run thanks to the huge addressable market it is serving. However, there is another company that has the potential to dominate its industry -- just like Nvidia does -- thanks to AI. Let's take a closer look at that name and see why it could turn out to be a solid addition to your portfolio. This tech giant's AI tools are driving solid gains for customers Nvidia has left little room for other chipmakers to make a dent in the AI chip market. So, investors looking for another company with the ability to become a leading player in its market and deliver healthy stock price upside in the long run should consider Meta Platforms (NASDAQ: META) for their portfolios. That's because Meta is using AI to corner a bigger share of the lucrative digital advertising market. The social media giant has been able to substantially increase advertisers' returns on ad dollars spent with the help of its AI tools. Last month, Meta pointed out that its AI-focused advertising tools are driving a 22% improvement in returns on ad spending for advertisers. Every dollar spent by advertisers in the U.S. on the company's AI ad tools is generating an impressive return of $4.52. Not surprisingly, Meta plans to enable advertisers to fully create and optimize ad campaigns with AI by the end of 2026. Such a move means that brands and advertisers won't have to go through agencies to purchase ad inventories and plan their campaigns, as all of this would be handled by AI. As a result, it won't be surprising to see smaller brands and companies that lack the budgets to hire marketing agencies flocking to use Meta's AI tools to reach their audience. Even bigger brands could directly go to Meta to further enhance their returns on ad dollars spent. All this could pave the way for stronger growth in Meta's revenue and earnings. The company's top line increased by 16% in the first quarter of 2025, while its adjusted earnings increased at a better pace of 37%. The stronger bottom-line growth can be attributed to a 10% increase in the average price per ad delivered by Meta last quarter. Ad impressions also increased by 5% year over year, indicating that there was an increase in the number of times users viewed ads on its platform. A big reason why Meta can keep attracting more advertising dollars is because of its massive daily active user base of 3.43 billion across its various apps. With AI helping brands and advertisers improve audience targeting, there is a good chance that it may be able to clock strong growth in the average price per ad and the number of ad impressions it delivers in the future. This could eventually help Meta Platforms to continue growing at a faster pace than the digital ad market and its peers. According to eMarketer, global digital ad revenue increased by 12% last year and is forecast to jump another 10% this year. Meta's 2024 revenue increased by 22%, and its performance in the first quarter of 2025 suggests that it is on track to outgrow the industry once again. So, it is evident that AI is helping Meta Platforms become a bigger player in the digital ad market, and management is confident that this could lead to remarkable growth in the long run. AI could send Meta Platforms' revenue soaring in the long run Meta is expected to finish 2025 with $187 billion in revenue, according to consensus estimates. AI is expected to contribute $2 billion to $3 billion of that revenue this year, according to the company's internal estimates. But by 2035, Meta sees its AI revenue ranging anywhere between $460 billion and a whopping $1.4 trillion. While that's a very wide range and an ambitious target, especially at the high end, investors would do well to note that the overall digital ad market is expected to exceed $1.5 trillion in revenue by 2035, according to third-party estimates. So, there is a good chance that Meta could indeed capture a huge share of this lucrative end-market opportunity on offer considering that it has been gaining ground in the digital ad space. So, investors looking for an AI stock that has the potential to generate Nvidia-like returns in the long run would do well to buy Meta Platforms right away as it is trading at an attractive 27 times earnings, a discount to the tech-laden Nasdaq-100 index's earnings multiple of 30. Should you invest $1,000 in Meta Platforms right now? Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor 's total average return is996% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025