In what may be the SEC’s first AI-washing enforcement action against a reporting company, on January 14, 2025, the agency brought a settled enforcement action against Presto Automation, a restaurant services technology company, based on the company’s alleged misrepresentations “regarding critical aspects of its flagship artificial intelligence (“AI”) product, Presto Voice.” A copy of the
This is a primer for a presentation I will be giving in Davos.
As we venture into 2025, a new technological paradigm is emerging at the intersection of artificial intelligence and blockchain: Agentic AI. This groundbreaking development promises to revolutionize how we interact with digital systems, particularly in the realm of cryptocurrencies and decentralized finance.
In this publication and podcast series, we explore some of the core focus areas for UK-regulated financial services firms in the year ahead.
In 2024, we saw disruption to the regulatory reform agenda as the unexpected timing of the general election impacted work and publication schedules. Now that the reform agenda is back on track
Picture this: A quaint Swiss town nestled in the Alps, where the air is crisp, the snow is pristine, and the concentration of power suits per square meter blows away even the pinstripes of Wall Street. Welcome to Davos, home of the World Economic Forum’s Annual Meeting, where global leaders converge to solve the world’s
The directors’ and officers’ liability environment is always changing, but 2024 was a particularly eventful year, with important consequences for the D&O insurance marketplace. The past year’s many developments also have significant implications for what may lie ahead in 2025 – and possibly for years to come. I have set out below the Top Ten
Hold onto your lederhosen, folks! I am extraordinarily excited and fortunate to be attending Davos this year for the World Economic Forum in Switzerland. As a delegate for The Digital Economist, I’ll be preaching about my two favorite topics, AI and Blockchain on Monday, January 20th. More details to come, but I can assure you
The number of federal court securities class action lawsuit filings increased in 2024 for the second year in a row, to the highest level since 2020. The increased number of federal court securities suit filings during the past year is due to several factors, including continuing filings relating to ongoing trends such as new lawsuit
On December 19, the U.S. Department of Treasury released a report summarizing key findings from its 2024 Request for Information (RFI) on the uses, opportunities, and risks of Artificial Intelligence (AI) in financial services. The report notes the increasing prevalence of AI, including generative AI, and explores the opportunities and challenges associated with its use.
As AI use proliferates, the advisory reminds CFTC-regulated entities of their existing obligations and the CFTC’s intention to monitor for ongoing risks.
By Douglas K. Yatter, Yvette D. Valdez, Margaret Graham, Hanyu (Iris) Xie, Adam Bruce Fovent, Mia Stefanou, and Deric Behar
On December 5, 2024, the staff of
On 11 December 2024, the FCA issued the first in a series of research notes on bias in artificial intelligence (AI).
The note provides a review of available academic and ‘grey’ literature to explore how biases may arise and may be mitigated in supervised machine learning models used to make predictions or assist in decision-making