The first binding obligations of the European Union’s landmark AI legislation, the EU AI Act (the Act), came into effect on February 2, 2025. Essentially, from this date, AI practices which present an unacceptable level of risk are prohibited and organizations are required to ensure an appropriate level of AI…
Following his second-term inauguration, President Trump swiftly signed a collection of executive orders. Executive orders issued on January 20 and 21, 2025, rescinded a host of executive actions by President Biden. They also advance a number of new policy initiatives and actions. Among the many executive orders addressing wide-ranging areas…
A recent code leak indicated that OpenAI is set to release its first true AI Agent. An AI agent is a system designed to perceive its environment, process information, and autonomously take actions to achieve specific goals. Unlike traditional software that operates based on direct input and predefined instructions, AI…
Imagine you’re an associate at a consulting firm. You’re surprised to see a new “AI Assist” button appear in your email application one morning. Without any training or guidance from your firm’s IT department, you decide to try it out, asking the AI to draft a response to a client’s…
Earlier this year, the UK’s Competition and Markets Authority (CMA) published an update to its initial report on AI foundation models which presented the CMA’s findings on key changes in the foundation model sector and included stakeholder feedback. (Our thoughts on the initial September 2023 report, which provides a summary…
The Data (Use and Access) Bill (DUA Bill) represents the most recent effort to reform the UK’s data protection landscape, introducing changes aimed at simplifying compliance and enhancing regulatory flexibility. The DUA Bill has three stated core objectives: (i) improving public services, (ii) growing the economy, and (iii) making people’s…
Google recently unveiled its latest AI-integrated search engine—and the internet didn’t hold back, roasting it for suggesting recipes like glue-infused pizza sauce and recommending rocks as a nutritious snack. The tech giant’s AI bot could scrape the web’s boundless resources and serve up answers, but apparently, it couldn’t tell sincerity…
The California legislature recently passed Assembly Bill 2013 (AB 2013) on August 27, 2024, a measure aimed at enhancing transparency in AI training and development. If signed into law by Governor Gavin Newsom, developers of generative AI systems or services that are made available to Californians would be required to…
In a landmark moment for global AI governance, the United States, European Union and United Kingdom have signed the Council of Europe’s framework convention on artificial intelligence and human rights, democracy, and the rule of law (the “Convention”), the first legally binding international treaty on AI. The agreement marks a…
On July 25, 2024, the Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) issued a joint statement describing potential risks related to banks’ deposit arrangements with fintechs and other third parties. The agencies also published…