The AI Drop

In this episode, host Anna Gressel is joined by Freshfields Partner Melissa Hodgman, a former SEC enforcement official, who traces that arc from the SEC’s interest in pattern-spotting tools built after the 2008 crisis to today's "AI washing" disclosure cases and other areas of SEC enforcement interest. As Melissa puts it, “you can delegate decision-making to a machine, but you can't delegate liability.” For years, enforcement turned on what a single person knew — knowledge firms could contain with walls, locked doors, and policies. Melissa explains why a learning system that moves information across an organization makes that a far harder question: what did the system know? From there she unpacks how investor protection shapes the agency's interest in agentic AI, and what belongs on a general counsel's hit list. Her closing advice — engage regulators early, and treat securities law as principle-based.

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In this episode of The AI Drop, Anna Gressel sits down with Beth George (Freshfields Partner, Head of US Litigation and Global Co-Head of Strategic Risk Management) to discuss the geopolitical implications of China's latest AI advances, including Kimi K3, and what they signal for the global AI race. Rather than focusing solely on who builds the most powerful model, they explore why the real competition may be over AI infrastructure, trust, and global adoption. The conversation examines China's open-source AI strategy, the limits of export controls and bans as policy tools, and why accessibility, reliability, and safety may become the defining differentiators in the next era of AI. They also discuss the growing role of robotics, AI agents, and cybersecurity risks as AI systems become more deeply embedded in everyday life.

Download the transcript here