On October 28, 2024, the U.S. Department of the Treasury (Treasury) issued final regulations (“Final Rule”) implementing Executive Order 14105, which addresses investments by U.S. persons in certain identified technologies in “Countries of Concern”, including The People’s Republic of China, The Special Administrative Region of Hong Kong, and The Special Administrative Region of Macau. The
Gibson Dunn Discusses New U.S. Outbound Investment Regulations
On October 28, 2024, the U.S. Department of the Treasury issued final regulations implementing an outbound investment control regime targeting AI, semiconductors, and quantum computing investments involving China that raise national security concerns. The regulations’ prohibitions and reporting requirements go into effect on January 2, 2025.
Outbound investment regulations have arrived, and with them the
Generative Artificial Intelligence 101: Copyright Infringement Lawsuits Ahead for Tech Companies
Technology companies are facing a series of lawsuits alleging copyright infringement.
Throughout our Artificial Intelligence 101 blog series, we’ve discussed the hypothetical legal troubles Generative AI can cause. To wrap things up, our final blog post is an overview of the many pending lawsuits that could decide the legal future of Generative AI.
OpenAI,
Where Are My Chips?
Please contact Tim Flamank with any questions.
If you subscribe to the view that Artificial Intelligence (AI) is going to change life as we know it, then you will have a vested interest in the semiconductor industry. Semiconductors, or chips, are the workhorses behind AI and nearly every modern digital technology. Chips are so vital
SEC Compliance Outreach Seminar
On Thursday November 7, the Securities and Exchange Commission produced an online compliance outreach program for registered investment adviser and investment companies. Here are a few notes and points that caught my attention. There were lots of video production issues and sound issues throughout the program.
It kicked off with a welcome from Chair Gensler,
EU Artificial Intelligence Act – Business Implications and Compliance Strategies
On Aug. 1, 2024, the EU Artificial Intelligence Act (AI Act) entered into force and will gradually take effect over the next 36 months. This marks not only the end of yet another legislative saga within the European Union but also the beginning of a new era in AI regulation. The AI Act creates an
DOJ Targets AI Pricing Algorithms: RealPage Case Signals Potential Shift in Antitrust Enforcement
The Department of Justice and eight state attorneys general filed a civil antitrust lawsuit in August against RealPage Inc. – a Texas-based software company that provides property management software – and several landlords using its software. This case adds to the growing number of antitrust cases targeting algorithmic pricing tools, and is another example of federal
U.S. Department of Treasury Implements Final Rule on Investment in Sensitive Technologies in China
The U.S. Outbound Investment Final Rule: What It Means for American Business
Executive Summary
Executive Summary
- Effective Date: January 2, 2025
- Key Impact: Restricts U.S. investments in Chinese tech sectors
- Affected Industries: Semiconductors, quantum computing, AI
- Penalties: Up to $368,136 or 2x transaction value
- Required Action: New compliance programs by January 2025
On October 28, 2024, the
SEC Division of Examinations Announces 2025 Exam Priorities
Priorities Include Artificial Intelligence and Other Emerging Technologies, Complex Products, Reg BI, Cybersecurity, Outsourcing, Private Funds and Compliance with New and Amended SEC Rules
On October 21, 2024, the Division of Examinations (the “Division”) of the U.S. Securities and Exchange Commission (“SEC”) released its examination priorities for fiscal year 2025 (which started October 1, 2024).
ChatGPT Does “A Manual of Style for Contract Drafting”
At the recent ACC annual meeting, Adrian Goss—whom I first met a dozen years ago on a trip to Australia—told me he had uploaded some miscellaneous-provisions stuff from Practical Law and asked ChatGPT to redraft it so it complies with the guidelines in A Manual of Style for Contract Drafting. In this 2023 blog post,