Provisions of EUAIact on AI literacy and banning “unacceptablerisks” have entered into ...
Also, as of 2 February 2025, the so-called “unacceptablerisks”, referring to AI systems that pose unacceptablerisksto the fundamental rights, rule …
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Covers: Regulation & PolicyGovernance & Risk ManagementLegal & CourtsGovernment & Public SectorBanking & FinanceChatbots & LLMsCybersecurityHallucinations & FabricationMedia & Creative WorkAI Safety & Existential Risk
High-Risk AIBan andAILiteracy Rules Now in Force—Commission Unveils Key Guidelines
ProhibitedAIPractices. Article 5 of the EUAIAct bans AI applications that pose unacceptablerisksto fundamental rights and core Union values …
Government publishes Code of Practice for Cyber Security ofAI- Lexology
Lexology...risksbefore developing an AI system and document mitigation strategies;. Principle 3: Evaluate thethreatsand manage therisksto your AI system …
CybersecurityGovernment & Public SectorMedia & Creative Work
AI and insurance: The emergingrisklandscape in Australia - Lexology
...risksof AI: adopting AI guardrails within existing regulatory frameworks as needed;; introducing new framework legislation to adapt existing …
Regulation & PolicyGovernance & Risk ManagementBanking & Finance
TheAIAct starts biting -AI literacy and prohibited practices rules now in effect - Lexology
...risksin the relevant context. The same applies to staff involved in developing AI applications or models. Promotion and form of training: The EUAI …
Cyberrisksfor the insurance industry - Lexology
A vast landscape of ever-increasingthreats, crowded with dangerous actors and considerable perils. A marketplace of traders selling a variety of…
Can an AI model constitute processing of personal data? The EDPB shares its analysis
Lastly, protection authorities must take account ofriskassessments previously carried out by data controllers on this point. The EDPB then provides …
U.S. Judicial Policy Regarding Use of AI in Court Proceedings - Lexology
While several courts tossed out expert testimony that turned out to include AI hallucination s, the Illinois Supreme Court issued a pioneering …
Hallucinations & FabricationLegal & CourtsRegulation & Policy
TheAIAct and beyond - potential pitfalls for contracting onAI-powered products and services
Given the EUAIAct will soon become applicable, organisations should proactively consider its implications when assessing newAI-related …
AIModels, Chips, and Data Centers Targeted by Expansive US Export Control Rule
On January 13, 2025, the US Commerce Department's Bureau of Industry and Security (BIS) issued an interim final rule (the Rule) updating Export…
Beginning of a FederalAIPolicy Shift - Revocation of the Biden Administration's Executive ...
Lexology...AI use and review yourriskassessment and management frameworks to address ethical, legal, and cybersecurityrisksassociated with AI. You should …
Regulation & PolicyGovernment & Public SectorCybersecurityGovernance & Risk Management
Navigating criminal liabilityrisksfor generative AI companies - Lexology
For generativeAI(gen-AI) companies operating in Romania and across multiple jurisdictions, understanding and mitigating theserisksis crucial for …
AI in rail - harnessing AI today for the railways of tomorrow - Lexology
Ashurst started the UK rail AI conversation in earnest on 24 October 2024 with a group of 20 industry leaders, including from the DfT and RSSB …
M&A transactions involving AI companies: representations and warranties - Lexology
The rapid advancement ofartificial intelligence(AI) has made companies that develop and deploy novel, innovative AI technologies, as…
Generative AI Risks: Legal and Compliance Insights - Part 1 - Lexology
Generativeartificial intelligence(AI) is transforming how businesses operate, from content creation to decision-making and even legal and…
The UKAIOpportunities Action Plan: what it means for business - Lexology
On 13 January 2025, to much fanfare, the UK government published tech entrepreneur Matt Clifford'sAIOpportunities Action Plan, an ambitious…
FINMA guidance on governance andriskmanagement when usingAI- Lexology
On 18 December 2024, the Swiss Financial Market Supervisory Authority (FINMA) published Guidance Note 08/2024 on governance andriskmanagement …
Governance & Risk ManagementBanking & FinanceMedia & Creative Work
AI issue spotting |AI meets ESG | Navigating legalrisksin the age of technology - Lexology
Together, they examine how AI is intersecting with ESG concerns, including emerging legalriskslike AI washing, and the future trajectory of ESG- …
Artificial Intelligence- 2024 Year in Review - Lexology
... artificial intelligence (AI). Three states passed comprehensive AI ... CAISI is tasked with studying AI risks, promoting responsible development and …
Oregon AG IssuesAIGuidance Highlighting Key Consumer Protection Risksfor Companies
On December 24, 2024, the Oregon Attorney General's Office issued guidance detailing how existing state laws apply to businesses utilizing …
Insights from the EDPB's latest Opinion & the UK ICO'sAIConsultation Response - Lexology
In December 2024, the European Data Protection Board (EDPB) and the UK Information Commissioner's Office (UK ICO) separately published …
FTC Warns Companies About the Risksof Consumer Harm From the Use ofAI- Lexology
Last week, the Federal Trade Commission's Office of Technology and Division of Advertising Practices issued a joint warning to companies about …
Privacy, Cybersecurity and Data Innovation Law — 2024 Year in Review - Lexology
DFS issued guidance recently concerning cybersecurityrisksassociated with AI and measures that covered entities (generally, banks, insurers and …
CybersecurityPrivacy & SurveillanceRegulation & PolicyBanking & Finance
Adoption of Artificial Intelligencein the Fin Tech sector: A regulatory overview - Lexology
These innovations enable financial institutions ('FIs') to significantly improve operational efficiency, by enhancingriskmanagement, fraud detection …
Texas Considers ComprehensiveAIBill - Lexology
The Act requires that developers of a high-risk artificial intelligencesystem use reasonable care to protect consumers from known or reasonably …
National Assembly passes theAIBasic Act - Lexology
... risk-based approach and regulates high-impact AI systems. However, unlike the EU AI Act, which categorizes AI risksinto four levels (unacceptable …
A Quick Guide on AI in Corporate Compliance in 2025 - Lexology
AI Risk Assessment: How thoroughly does the organization identify risks linked to its AI systems, including bias, misuse, or operational failures?
AIAcross the Bar: From Aid to Authority - Lexology
However, as AI continues to advance and permeate the legal field, it is critical to examine both the potential benefits and therisksit poses for …
AIAcross the Bar: From Aid to Authority - Lexology
The risks associated with the usage of AI in dispute resolution proceedings can be broadly categorized as -.Hallucination- despite AI'sability …
UsingAIFor Product Reviews and Testimonials? - Lexology
First announced in September as part of its OperationAIComply sweep, the final consent order against Rytr, anAI“testimonial and review” …