Industries around the world have been hugely affected by global events over the past several years. Wars, famine and water shortages, political unrest and pandemics have all contributed to persistent supply constraints for some of the modern world’s most important commodities. One product that is particularly central to almost every part of our daily lives
It’s fair to say that Aotearoa New Zealand’s approach to regulation (and empowerment) of the rapid adoption of AI-enabled solutions has been conspicuous in its absence to date. New Zealand’s Privacy Commissioner is the only regulator to have released substantive guidance for businesses adopting AI-enabled solutions (see our thoughts on that here). Meanwhile, we
Due to an exponential growth in the investment in female health and wellbeing, Forbes and Dealroom reported that 2023 saw 1.14 billion USD raised collectively across 120 deals in ‘FemTech’. The phrase refers to technology products and services that help to solve the health needs and concerns suffered disproportionately or solely by females. With an
On 23 April, the Italian Council of Ministers passed a bill (AI Bill) aimed at introducing national AI provisions. The main scope is to establish regulatory criteria to balance the opportunities offered by new technologies with the risks associated with improper and harmful use. It supplements the European Regulation on Artificial Intelligence (AI Act), which
The creative process…
It’s 4:31 in the morning, a watery dawn is breaking, and I’m wafting down an almost empty M40 motorway heading to Heathrow for an early flight. The advanced autopilot features in the car are helping with the driving (in the UK it amounts to lane keeping and smart cruise control rather than
The pace of development in the tech sector is ever accelerating. Generative AI and large language models (LLMs) have become ubiquitous in our vernacular; cloud computing and SaaS solutions have increased in prevalence with the share of enterprises within the EU buying cloud computing in 2023 having increased by 4.2% since 20211; connectivity is an
Following the publication of the Government’s pro-innovation strategy earlier this year, the Financial Conduct Authority’s (FCA) AI Update last week sets out how its existing regulatory framework maps to the Government’s five principles on Artificial Intelligence (AI) regulation (AI Principles). The Bank of England and the Prudential Regulation Authority (PRA) have also written to the
On 25 March 2024, the Cabinet Office published Procurement Policy Note (PPN) 02/24: Improving Transparency of AI use in Procurement. This PPN provides guidance on the use by bidders of Artificial Intelligence in public procurements and in the delivery of government services. In particular, it highlights the need for greater transparency from bidders regarding
For the first time in history, the Czech courts have directly dealt with the issue of copyright protection for content created with the help of generative AI.
In the case, the plaintiff generated an image using the program DALL-E. The prompt was to “Create a visual representation of two parties signing a business contract in
AI is increasingly at the forefront for the insurance sector, as methods to tackle fraud, manage claims and improve customer service are developed. In terms of how these developments are addressed in the contracts that underpin such arrangements there are significant issues to bear in mind.
Contracts involving AI still take the form of a