Zooming in onAI#17:AI at work - A&O Shearman
AI systems that pose an unacceptableriskare prohibited under theAIAct. Of particular relevance is article 5.1(f) of theAIAct that prohibits any …
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The Fuse Podcast:AI risk- A&O Shearman
A&O Shearman Dr Michael Berger, the head of Munich Re's Ensure AI team, which focuses on structuring insurance solutions for AI risks, including the risk of …
Zooming in onAI- #14: Enforcement of theAIAct - A&O Shearman
The European Union Artificial Intelligence Act (AIAct) entered into force on 1 August 2024. TheAIAct establishes arisk-based approach to AI, …
Considering the impact of AI across different types of commercial contracts - A&O Shearman
...AI is driving new types of commercial contracts and a wide range of new contract protections to address the expansive legalrisksraised by AI. As AI …
Hong Kong SFC issues circular on the use of generative AI language models
A&O Shearman Special attention must be given to mitigating theAILM'shallucinationrisk. Notably, a non-exhaustive list ofAILM high-risk use cases is set …
Hong Kong SFC issues circular on the use of generative AI language models
A&O ShearmanLCs should stay updated on current and emerging cybersecuritythreatsrelated toAILMs. 4. Third-Party Provider Risk Management. LCs must exercise …
European Commission publishes first draft of GPAI Code of Practice - A&O Shearman
...riskcomply with the EUAIAct. The drafting process is facilitated by ... Systemicriskclassifications – the Draft Code identifies a taxonomy of …
Zooming in onAI#12: Spotlight on GPAI Models - A&O Shearman
The precise definition of what constitutes a GPAI model with systemicriskis however intended to change over time as technology evolves (and the …
Australia's privacy regulator, the Office of the Australian Information Commissioner ...
A&O Shearman TheAIGuidance concludes that the governance-first approach to AI is the ideal way to manage privacyrisks, which in practice means embedding privacy …
Privacy & SurveillanceRegulation & PolicyGovernance & Risk Management
Zooming in onAI- #8: Balancing innovation and compliance - how governance can foster ...
A&O Shearman With the increased use of AI systems, there is also an increased need forriskawareness and mitigation strategies. Whether an organisation uses off- …
Zooming in onAI- #7: Balancing innovation and compliance: how governance can foster ...
A&O Shearman To address theserisks, a robust AI governance structure is essential. Such a structure aims to prevent and mitigate potential harms, striking a …
Cyber and AI: NYDFS has entered the chat - A&O Shearman
On October 16, 2024, the New York Department of Financial Services (“NYDFS”) released an Industry Letter—entitled Cybersecurity Risks Arising from …
Zooming in onAI7AIunder financial regulations in the US EU and UK part 3
A&O Shearman...AI. Financial companies should be mindful that their use of any technology, including AI, may amplifyrisksin their activities. The financial …
Zooming In onAI- #6:AI under financial regulations in the U.S., EU and U.K.
A&O Shearman...AI which is based on the common law method of addressingrisksas they are identified. This note is the second in a three-part series on the …
Zooming in onAI- #5:AI under financial regulations in the U.S., EU and U.K. - A&O Shearman
Governments and regulators are concerned with mitigatingrisksassociated withAI—for example, ensuring that the use of AI by businesses is safe and …
Regulation & PolicyBanking & FinanceGovernment & Public Sector
UtahAIConsumer Transparency Law - A&O Shearman
On March 13, 2024, the Governor of Utah, Spencer Cox signed the Utah Artificial Intelligence Policy Act (“AIConsumer Transparency Law”) into law …
Nine months of progress – President Biden's LandmarkAIExecutive Order - A&O Shearman
Daren Orzechowski, Alex Touma, and Jack Weinert examine the progress made by US federal agencies towards achieving the directives set forth in …
Data Governance: Strategic Convergence, Opportunities and Risks- A&O Shearman
A&O Shearman AI is accelerating digital transformation for companies and data governance is a key pillar in this change, enabling data strategies that unlock …
Zooming in onAI– #3: California SB 1047 – The potential new frontier of more stringent AI...
A&O Shearman“Advanced persistentthreats”: Describes sophisticated adversaries capable of using multiple attack vectors (including, but not limited to cyber, …
Zooming in onAI– #2:AISystem vs AI models - A&O Shearman
For companies it is key is to understand what legal obligations and requirements under theAIAct apply to which AI systems, which depends on therisk …
Colorado's AI anti-discrimination law - A&O Shearman
...risk AI systems” that is designed to mitigate consumer harm and “algorithmic discrimination.” TheAILaw defines a “high-risk AI system” to be any AI …
Overview of the U.S. copyright office's AI digital replicas (“deepfakes”) report
A&O Shearman...artificial intelligence(“AI”). In March of 2023, the Office ... Assessment of Risksfrom Digital Replicas. As a result of the feedback …