As we explained in our introductory post, rapid advancements in artificial intelligence (AI) present multifaceted risks for businesses of all types. The magnitude, fluidity and specificity of these risks underscore why businesses should continually audit their own unique AI risks profiles to best understand and respond to the hazards posed by AI.
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UK ICO Launches Latest Installment in the AI Consultation Series
On April 12, 2024, the UK Information Commissioner’s Office launched the third installment in its consultation series examining how data protection law applies to the development and use of generative AI.
AI in Real Estate: Prospects and Pitfalls
Artificial intelligence (“AI”) is often touted as the latest transformative technology set to revolutionize the commercial real estate industry. This may seem like grandstanding, but the hype is real. AI is already being implemented by law firms and their clients to streamline business processes. AI, however, is ultimately a tool and whether tools make our
White House Executive Order on AI Rulemaking Efforts Advances as NTIA and White House OMB Issue Reports and Guidance
On March 27, 2024, the National Telecommunications and Information Administration (“NTIA”) issued its AI Accountability Report, and, on March 28, 2024, the White House announced the Office of Budget and Management’s (“OMB’s”) government-wide policy on AI risk management.
U.S. and UK Sign AI Safety Memorandum of Understanding
On April 1, 2024, the U.S. and UK signed a Memorandum of Understanding that details how the U.S. and UK will work together to develop tests for advanced AI models.
CNIL Publishes Latest Edition of Its Practice Guide for the Security of Personal Data
On March 26, 2024, the CNIL published the 2024 edition of its Practice Guide for the Security of Personal Data, which is intended to support organizations in their efforts to implement adequate security measures in compliance with their security obligations under the GDPR.
Recent Gensler Speech Highlights SEC’s Two-Fold AI Disclosure Concerns
In a speech before the Yale Law School February 2024, SEC Chair Gary Gensler had AI top of mind. Interrupted only by a colorful collection of movie references, Chair Gensler focused almost the entirety of his remarks on AI and the SEC’s corresponding regulatory duties. Chair Gensler addressed the risks associated with AI while cautioning
Utah Governor Signs Spate of Privacy Bills into Law
Last week, Utah Governor Spencer J. Cox signed three privacy-related bills into law. The bills are focused on, respectively, protection of motor vehicle consumer data, regulations on social media companies with respect to minors, and access to protected health information by third parties.
Mitigation of Increased Risks to Retailers Through Insurance
Hunton Andrews Kurth’s 300-lawyer cross-disciplinary Retail Industry Team has released its annual 2023 Retail Industry Year in Review. The Review discusses retail industry issues that implicate multiple legal practice areas and highlights new and emerging risks retailers may encounter in the year ahead.
Significant issues from 2023, with insurance implications that will continue to evolve
California Seeks to Regulate Employer Use of AI
On February 15, 2024, California lawmakers introduced the bill AB 2930. AB 2930 seeks to regulate use of artificial intelligence (“AI”) in various industries to combat “algorithmic discrimination.” The proposed bill defines “algorithmic discrimination” as a “condition in which an automated decision tool contributes to unjustified differential treatment or impacts disfavoring people” based on various