Topic: Artificial intelligence and digitalisation
Subscribe to Artificial intelligence and digitalisationOMB guidance may help companies determine AI safety and rights risks
April 24, 2024
On March 28, 2024, the White House Office of Management and Budget (OMB) issued guidance to federal government agencies on agency use of artificial intelligence (AI). The guidance recommends that agencies take a risk-based approach with respect to AI.
FCA sets out plans to make Big Tech a priority and provides update on its approach to AI
April 23, 2024
On 22 April 2024, the Financial Conduct Authority (FCA) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. In the speech, Mr Rathi announced the FCA’s plans to focus on Big Tech, which are included in Feedback Statement FS24/1 (published alongside the speech). The speech also covered the FCA’s response to the Government’s White Paper on Artificial Intelligence (AI), which was also published in parallel with the speech.
Singapore releases new Guidelines on the use of personal data in AI Systems
March 26, 2024
On 1 March 2024, Singapore’s Personal Data Protection Commission (PDPC) issued the Advisory Guidelines on the Use of Personal Data in AI Recommendation and Decision Systems (AI Advisory Guidelines). These AI Advisory Guidelines followed a public consultation which concluded in August 2023. Our blog post on the public consultation for the draft AI Advisory Guidelines can be accessed here.
Europe takes the early lead: Lawmakers pass landmark AI legislation
March 21, 2024
On March 13, the EU Parliament voted to adopt the EU’s AI Act. The AI Act is the EU’s first comprehensive legislation setting rules regulating artificial intelligence on an EU-wide basis. It will impose new and significant obligations on those developers, distributors, and users of AI systems that affect people in the EU.
ASEAN releases Joint Guide to ASEAN Model Contractual Clauses and EU Standard Contractual Clauses and AI Governance Guide
March 06, 2024
On 1 and 2 February 2024, at the fourth 4th ASEAN Digital Ministers Meeting (ADGMIN) in Singapore, ASEAN unveiled.
UK government's response to AI White Paper consultation: Next steps for implementing the principles
March 04, 2024
The UK Department for Science, Innovation, and Technology (DSIT) has published its response to its consultation on its white paper, ‘A pro innovation approach to AI regulation’ (the Response). The Response outlines key investment initiatives and regulatory steps.
Singapore proposes Governance Framework for Generative AI
February 14, 2024
On 16 January 2024, Singapore’s Infocomm Media Development Authority (IMDA), in collaboration with the AI Verify Foundation, announced a public consultation on its draft Model AI Governance Framework for Generative AI (Draft GenAI Governance Framework), showing the areas where future policy interventions relating to generative AI may take place and options for such intervention.
The EU AI Act: What obligations will apply to your business?
January 31, 2024
Political agreement was achieved at the beginning of December in relation to the EU’s AI Act (AIA) – the first major step in the regulation of artificial intelligence.
ESMA Discussion Paper on MiFID II investor protection topics linked to digitalisation
December 19, 2023
On 14 December 2023, the European Securities and Markets Authority (ESMA) issued a Discussion Paper on MiFID II investor protection topics linked to digitalisation.
The UK CMA’s AI Foundation Models Initial Report
December 13, 2023
The CMA’s Initial Report (Report), published on 18 September 2023, considers three levels of the AI Foundation Model (FM) value chain (although it focuses predominantly on the first two levels).