EUAIAct unpacked #5: Key governance obligations in relation to high-risk AI systems
Theriskmanagement process under theAIAct requires that the provider meets generalriskmanagement objectives on a case-by-case basis: identifying …
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DHS issues AI security and safety guidelines for critical infrastructure - Lexology
The guidelines are organized around three categories of system-levelrisks: Attacks Using AI: Threat actors leverage AI to enhance and scale attacks …
Checklist: De-identification of data used by AI systems (USA) - Lexology Pro
No.Riskof re-identification. 4.1, Understand theriskof re-identification. 4.2, Protect yourself from external re-identification …
How-to guide: Understanding AI-driven risks (USA) - Lexology Pro
Lexology For example, a company that uses AI to conduct employment background checks may be liable for discrimination if an algorithm persistently labels …
How-to guide: UnderstandingAI-drivenrisks(USA) - Lexology Pro
Lexology...risksassociated with the use ofartificial intelligence(AI) in business. While AI does offer significant benefits, it also createsriskswhich …
Advancing Under the Counsel of the European Union: The EU's GroundbreakingAIAct
Lexology...risksposed by the AI systems, thereby fostering innovation while mitigating potential harms. ProhibitedAIPractices. The legislation outright …
TheAIUpdate | May 23, 2024 - Lexology
One strand of emerging thinking signals significantriskthat these legal shields may be lost. By leaving out attribution information,AI summaries …
Artificial Intelligencein Human Resources - Lexology
Therisksto an employer are that such influence may result in decisions which are unfair, discriminatory or biased against a candidate for employment …
All-In on AI: Bipartisan SenateAIPolicy Roadmap Identifies Areas of Consensus - Lexology
First, the Roadmap embraces the concept of usingrisk-based solutions to focus new policies and rules on those tools/applications that present the …
A balancing act - the opportunities andrisksof Fin Tech andAI- Lexology
The fast-evolving technological landscape, particularly in the field ofartificial intelligence(AI), continues to provide huge opportunities for…
NIST Publishes Draft Documents for SaferAI- Lexology
Confabulation: The generation of false information by an AI system, popularly referred to as “hallucination”; Violent recommendations:AI systems …
Hallucinations & FabricationGovernance & Risk ManagementMedia & Creative Work
NIST Publishes Draft Documents for SaferAI- Lexology
Lexology...risksassociated with AI. The GenerativeAIProfile outlines twelveriskareas associated with generative AI: CBRN information: Increased …
Governance & Risk ManagementMedia & Creative WorkChatbots & LLMs
ICO Publishes Its Strategic Approach to RegulatingAI- Lexology
In its Strategy, the ICO sets out: (i) the opportunities andrisksof AI; (ii) the role of data protection law; (iii) its work on AI; (iv) upcoming …
DOL Warns Employers of AI Risks Under Federal Employment Laws - Lexology
Artificial intelligence(AI) and other automated systems are Streamlining many workplace HR tasks. But the U.S. Department of Labor (DOL) warns…
Jobs & the EconomyRegulation & PolicyGovernment & Public SectorAI Agents & Automation
Low-risk AI bears high stakes for digital health in new EU regulation - Lexology
At the heart of the new European Regulation laying down harmonised rules onartificial intelligence(AI) is a focus on high-risk AI systems and …
The EUAIAct: An Overview - Lexology
The EUArtificial Intelligence Act is expected to become law in summer 2024. It will take effect in stages with the majority of provisions …
UK Medicines and Healthcare products Regulatory Agency outlines AI strategy - Lexology
The current regulations encompass arisk-based classification system, but many AI products currently fall within the lower categories ofriskand can …
UK government publishes guidance on responsibleartificial intelligencein human ... - Lexology
Riskassessments should be conducted alongside impact assessments to identify and mitigate potentialrisks. Developers should provide model cards, …
ICO Sets Out Strategic Approach ToAI- Lexology
Riskswill also derive from the specific context of AI deployment (such as healthcare, law enforcement and education), others from the development …
The Latest Developments inAILegislation in Europe and the U.S. - Lexology
TheAIAct introduces arisk-based legal framework that establishes different requirements depending on the level and type ofrisksrelated to the use …
Regulation & PolicyGovernance & Risk ManagementLegal & Courts
Are boards overseeing AI? - Lexology
Is there a hotter topic in the business world than AI?AI offers major opportunities for progress and productivity gains, but substantialrisks …
Am Ihallucinating? ICO consults on accuracy in Gen AI - Lexology
This is no different in the context of AI. However, the ICO helpfully explains that the GDPR accuracy principle isn't the same as statistical accuracy …
Hallucinations & FabricationChatbots & LLMsPrivacy & Surveillance
Implications of Generative AI for Intellectual Property - Lexology
The term generative AI refers toartificial intelligencemodels which can ... Another issue to do with Generative AI and IP ishallucination– an AI …
Insuring the unpredictable: The challenges of AI riskinsurability - Lexology
Similarly,AI models are transforming insurance operations in claims processing, underwriting, customer service, andriskassessment, and enhancing …
Will 2024 Be a Tug-of-War for Companies Wanting to Use AI? - Lexology
The pressure to deploy generativeAI-assisted applications to gain a competitive advantage is steadily increasing. Investors are rewarding companies …
Government-Wide Policy Provides Federal Agencies Governance Structure and Standards ...
Lexology...AI governance, (2) advancing responsibleAIInnovation, (3) managingrisksfrom use of AI, and (4) managingrisksin federal procurement of AI …
Governance & Risk ManagementGovernment & Public SectorRegulation & Policy
U.S. National Institute of Standards and Technology issues draft guidance on AI safety and standards
Two drafts provide guidance to help organizations manage the risks of generative AI and serve as companion resources to NIST's AI Risk Management …
High-risk AI systems in life sciences face strict regulatory scrutiny from new EU rules
Theriskcategorisation ofartificial intelligence(AI) systems can ensure its regulation is proportionate and effective, with the intensity and…
Tackling AI riskin financial services: existing regulatory framework declared well equipped, for now
It is observed that wider adoption ofAI/ML could pose system-wide financial stabilityrisks(for example, by amplifying procyclical behaviour or …
Banking & FinanceRegulation & PolicyGovernance & Risk Management
AI in hiring: new guidance to help de-riskyour talent management process - Lexology
Regulators will be expected to interpret and apply five new “values-focused cross-sectoral principles” to address any AI riskswhich fall within their …