
Publication
Infringement risk relating to creation and use of the output of a generative AI system
Where the Output of a generative AI system is the same or substantially similar to a third party’s copyright work
United Kingdom | Publication | November 2024
On October 29, 2024, the PPF published a response to its March 2024 consultation, confirming that it would proceed with its proposal to give actuaries the option of using a bespoke discount rate assumption in s. 143 valuations of smaller pension schemes.
This addresses the PPF’s concern that its standard assumptions could lead to marginally overfunded smaller schemes being unable to obtain affordable buyout quotations for PPF levels of compensation.
The bespoke discount rate easement is due to apply to schemes with liabilities of £50 million or less. The changes will apply to valuations under ss. 143, 152 and 158 Pensions Act 2004 with effective dates on or after May 31, 2024. No changes are being made in relation to s. 179 valuations.
Publication
Where the Output of a generative AI system is the same or substantially similar to a third party’s copyright work
Publication
The approach and requirements for intellectual property rights to subsist in computer-generated works vary from jurisdiction to jurisdiction.
Publication
Generative AI systems are trained using vast amounts of data, often taken from sources in the public domain that may be protected by copyright or other intellectual property rights, such as, in the UK and EU, a database right.
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