In this article: Oliver Wannell looks back at the last 12 months in AI and Law February: Government response to White Paper of AI Regulation July: The King’s Speech July: Department for Science Innovation and Technology AI Action Plan July: Court of Appeal overturns High Court decision to determine that ANNs are not patentable September: […]
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In this article: AI in Financial Services: AI has advanced from basic algorithmic trading and fraud detection to sophisticated tools like generative AI, transforming the financial sector. Generative AI Adoption: Tools like ChatGPT have seen increased use in the financial services sector, particularly among adults in the US. Regulatory Gaps: The lack of standardized AI […]
In this article: Proactive Governance: ChatGPT’s influence contributed to the EU’s shift from reactive to proactive AI governance, shaping a principled vision for AI development through the Artificial Intelligence Act (AIA). Focus of AIA: Professors from the University of Groningen highlight the AIA’s hybrid regulation, balancing AI safety and standardization with fundamental rights considerations. Enforcement […]
In this article: Congress urges industry-specific AI oversight in its first comprehensive framework, while Malaysia launches a National AI Office to steer its tech regulation ambitions. The U.K. joins the effort with proposed copyright reforms, aiming to balance innovation with creative industry protections. Click the link to read more details https://www.pymnts.com/artificial-intelligence-2/2024/ai-oversight-gets-targeted-push-in-us-malaysia-and-uk/
In this article: AI is a rapidly developing industry where pragmatism and dynamism are key. An approach prioritizing early release and iteration may be the best hope to reduce risk at a satisfactory pace. This early-release-and-iteration approach is similar to how AI companies develop and deploy their products. For a fast-moving industry where pragmatism and […]
In this article: Meta Platforms is urging California’s attorney general to block OpenAI’s planned conversion to a for-profit company, siding with Elon Musk in a battle between Silicon Valley’s most powerful artificial-intelligence players. Click the link to read more details https://www.wsj.com/tech/ai/elon-musk-open-ai-lawsuit-response-c1f415f8
In this article: Call for Balanced AI Policy: The discourse on AI policy needs a simpler and more reasonable framework to navigate competing extreme viewpoints and confusion. Diverse Stakeholder Concerns: Current debates involve existential risks, job impacts, copyright issues, and fears of past regulatory failures, creating a contentious environment. Risks of Overreach: Excessive regulation could […]
In this article: Beijing says it is also probing Nvidia over Mellanox deal Move comes days after the US’ latest chip curbs Nvidia has been caught up in US-China friction Click the link to read more details https://www.reuters.com/technology/china-investigates-nvidia-over-suspected-violation-antimonopoly-law-2024-12-09/
In this article: Freshfields’ attorneys examine generative AI’s global impact Companies must understand how regulators approach AI Click the link to read more details https://news.bloomberglaw.com/us-law-week/ai-regulation-is-evolving-globally-and-businesses-need-to-keep-up
In this article: MeitY responded to a Rajya Sabha query on guidelines for organizations working on AI. NASSCOM and industry stakeholders are collaborating on voluntary AI regulation guidelines. The government aims to encourage voluntary adoption of good practices through a supportive environment. The query was raised by Derek O’Brien, asking about guideline development and stakeholder […]