Long awaited EUAIAct becomes law after publication in the EU's Official Journal - Lexology
...AI systems based on the intensity and scope of theriskseach AI system can generate. "High-risk AISystems", which are systems that present a "high" …
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The EUAIAct: Part Two - High-Risk AISystems - Lexology
This is part two of our examination of the European Union's newartificial intelligencelaw, the (“EUAIAct”). In Part One, we introduced the …
AI in auditing: Embracing a new age for the profession - Lexology
We consider some of theserisksbelow. Whilst AI can remove some of theriskof human error, it still places reliance on humans inputting the correct …
10 Key Takeaways: Navigating the Future ofAILaw: Understanding the EUAIAct and AIDA
Non-compliance with high-risk AI regulations can lead to fines up to 15 million EUR or 3% of total annual turnover for the preceding financial year, …
The Loper Decision & Future ofAIRegulation - Lexology
Artificial intelligenceis poised to rapidly transform nearly all aspects of society. However, it also brings newrisks. As governments work to…
EUAIAct unpacked #9: Who are the regulators to enforce theAIAct? - Lexology
A dedicated unit focused on therisksof very capable GPAI models and in charge of developing the codes of conduct required under theAIAct will be …
Navigating the EUAIAct: what you need to know - Lexology
The primary purpose of theAIAct is to preventriskscaused by “high-risk”AI systems. Yes, the Act does other things. It bans some AI use cases …
What employers need to know about the EUAIAct - Lexology
There is a realriskthat AI systems used in recruitment may perpetuate ...risksinterfering with their fundamental rights and privacy. Note …
U.S. Treasury Department seeks comment on AI opportunities andrisksin the financial sector
The RFI asks how financial institutions are evaluating and tackling therisksemerging AI technologies pose for impacted entities such as low-income …
Protecting data when using AI systems - Hong Kong Privacy Commissioner issues new guidelines
Conducting ariskassessment before procuring an AI system to identify and evaluate therisksinvolved in the use and management of the system, and …
Lexology Live Cyber Risk 2024: how legal departments can navigate AI's risks
From preparing for turbocharged cybersecuritythreatsto pivoting the legal department from the “department of no” to navigating the business's AI …
National Framework for the Assurance of AI in Government - Lexology
Theserisksshould be managed throughout the AI system lifecycle, including across the 4 phases of an AI system defined by the OECD. In practice, this …
OFCOM's Approach toAI- Lexology
Telecoms: OFCOM will monitorAI-related fraud and scams, engage with industry onAI-related cybersecurityrisks, and investigate security compromise …
AI'sRole in Shaping Future Compliance Strategies for Software Publishers - Lexology
Checklist Checklist: Steps to mitigaterisksassociated with AI use in business (USA); How-to guide How-to guide: UnderstandingAI-drivenrisks(USA) …
This Week in Data/Cyber/Tech: Have Your Say on AI in Financial Services - Lexology
What are its challenges,risksand benefits? Have you developed an AI governance structure? For firms that are still grappling with the uses cases for …
On the Cutting Edge ofAIGovernance Singapore Launches ModelAIGovernance ... - Lexology
...AI riskswhile introducing new risks. In line with this, Singapore has now launched the Model AI Governance Framework for Generative AI ("MGF-Gen AI …
Treasury and FSOC Sharpen Focus on Risksof AI in the Financial Sector - Lexology
The conference was billed as “an opportunity for the public and private sectors to convene to discuss potential systemicrisksposed by AI in …
Setting the Stage: European Artificial Intelligence Act 2024 Draws Global Attention
Artificial intelligence act was proposed by the European Commission on 21 April 2021, mainly to foster AI innovation and to manage AI risks. EVOLUTION …
Newly passed ColoradoAIAct will impose obligations on developers and deployers of high ...
Developers must disclose any known or reasonably foreseeablerisksof algorithmic discrimination arising from the intended uses of a high-risk AI …
NIST GenerativeAIProfile Highlights Actions for Addressing Data Protection Risks...
In April 2024, the National Institute of Standards and Technology ("NIST") released an initial draft of its AI Risk Management Framework …
What do the Pope, the Republic of Korea and the Labour manifesto have in common?
Leading AI developers agreeing to publish safety frameworks on how they will measure therisksof their frontier AI models (if they have not already …
Governance & Risk ManagementAI Safety & Existential RiskMedia & Creative Work
Snap's 'My AI' Chatbot: ICO's Data Protection Investigation Concludes - Lexology
...AI models. Industry must continue to engage with the data protectionrisksof generative AI, withriskassessments being a crucial part of …
SEC's RecentAI-Washing Claims Presents D&ORisks, Potential Coverage Challenges
We later highlighted, based on a recent securities lawsuit, how corporate management may be atriskfor the alleged use or misuse of AI and how …
U.S. SenateAIWorking Group PublishesAIPolicy Roadmap - Lexology
The SenateAIRoadmap recognizes the need to understand and mitigate therisksof AI systems, urging testing, evaluation, and a “resilientriskregime …
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AI in Financial Services: Key Regulatory Considerations for EU Investment Firms - Lexology
Concious of theserisksthat are particularly sensitive in the retail investment space, on 30 May 2024, the European Securities and Markets Authority …
ICO concludes its first investigation against Gen AI use: Snap's 'My AI' - Lexology
On 21 May 2024, the Information Commissioner's Office (ICO) issued a press release warning organisations to not ignore data protectionriskin …
EUAIAct unpacked #6: Fundamental rights impact assessment - Lexology
...risk AI system into use. By way of the FRIA, deployers are supposed to identify the specificrisksof the AI system to the rights of individuals …
Colorado Enacts GroundbreakingAIConsumer Protection Legislation - Lexology
Colorado's new Al law creates new obligations for developers and deployers of high-risk artificial intelligence(Al) systems. Similar to the EU Al Act …
Can AI strengthen supply chains as the auto industry decarbonises? - Lexology
Supply chainrisksare challenging the stability and resilience of organisations within the automotive industry. As this sector evolves to reach…
Q2 | TORYS QUARTERLY - SPRING 2024:AI-minute taking tensions: navigatingrisksand ...
A number ofartificial intelligence(AI)-powered transcription services have emerged as assistive tools to streamline the process of …