Topic: Artificial intelligence and digitalisation
Subscribe to Artificial intelligence and digitalisationHow your vendors are exploiting your data for their own gain
July 24, 2024
Artificial intelligence (AI) is transforming the way businesses operate and interact with their customers. More and more service providers are using AI-driven solutions and platforms to offer innovative, more efficient, and streamlined services to their clients. However, AI-driven solutions and platforms depend on data to learn and improve, and this data may include your company’s data or your customer’s data. Have you ever wondered how your vendors are using your data to train their AI tools?
The EU AI Act: The countdown begins
July 15, 2024
The EU AI Act was entered into the EU’s statute books on July 12, 2024. A transition period will begin from 1 August when it enters into force. The geographic scope is very broad, with obligations falling on organisations using or involved in the supply of AI in the EU and organisations operating outside the EU where the AI’s output is used in the EU.
Artificial intelligence and liability: Key takeaways from recent EU legislative initiatives
July 10, 2024
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act).
Generative AI
June 12, 2024
Artificial intelligence (AI) raises many intellectual property (IP) issues. While there are many AI models and use cases, this guide addresses key IP issues raised by generative AI systems, meaning systems such as ChatGPT, Bard and DALl-E with algorithms that generate new content (which, depending on the system may be text, audio, images, video code or other content).
“AI and sustainability: Cure or curse?”
June 12, 2024
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
UK regulators’ strategic approaches to AI: A guide to key regulatory priorities for AI governance professionals
May 28, 2024
In February 2024, the UK Department for Science, Innovation, and Technology (DSIT) set out the government’s proposed approach to AI regulation. It published a response to its consultation on its 2023 white paper, ‘A pro innovation approach to AI regulation’ (the White Paper). DSIT confirmed that, for the time being, the UK will follow its proposed approach of setting cross-sectoral principles to be enforced by existing regulators rather than passing new legislation to regulate AI.
The robots are coming … is insurance ready for AI?
May 09, 2024
The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialize in a fast-moving competitive environment. Such predictions are intensively focused on data.
TMT M&A trends: Road to recovery as sector looks to exploit technology deal drivers
May 01, 2024
After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions. Hopes remained high, however, for deal activity in the perennially active TMT sector, which was expected to capitalise on the ever-increasing digitalisation and connectivity requirements of businesses and consumers alike.
OMB 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.