The legal world is no stranger to technological advancements, but the surge in artificial intelligence (AI) capabilities has sparked a movement that is reaching even law reviews. Every submission cycle, Scholastica – the largest platform for law-review submissions – releases advice from outgoing student editors, and the latest insights reveal a startling trend: law review
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AI, New Technologies, and Corporate Governance
Business has always had to adapt to new technologies, from the steam engine to the automobile to personal computers. Today, artificial intelligence (AI) and closely related developments like Big Data analytics and machine learning are the technologies transforming business, along with more established advances such as cloud computing and mobile connectivity. Together, these technologies raise…
Skadden Discusses New UK Government’s AI and Cybersecurity Reforms
Last month the new Labour government in the UK announced in the King’s Speech that it will introduce new artificial intelligence (AI) rules alongside cybersecurity and digital information bills. A brief overview of these developments is set out below.
Artificial Intelligencehttps://clsbluesky.law.columbia.edu/wp-admin/post-new.php
To date, the UK has taken a principles-based, “pro-innovation” approach to AI that relied…
Democracy, Discourse, and the Artificially Intelligent Corporation
Does the rise of artificially intelligent corporations threaten the integrity and legitimacy of democracy? This question looms large as the 2024 presidential election approaches. A growing number of academics, business leaders, and politicians warn that unchecked development and dissemination of artificial intelligence (AI)could irreparably damage vital institutions of civil society.[1] Despite these warnings, the…
SEC Chair Testifies Before Senate Subcommittee on Financial Services
Good morning, Chair Van Hollen, Ranking Member Hagerty, and members of the Subcommittee. Thank you for inviting me to testify today on the Securities and Exchange Commission’s Fiscal Year (FY) 2025 budget request. As is customary, I’d like to note that my views are my own as Chair of the SEC, and I am not…
Skadden Discusses the UK ICO Strategy on AI Governance
Rather than specifically regulating artificial intelligence (AI), the UK government has opted to rely on the existing web of laws and regulations applying to technology across a spectrum of sectors in its jurisdiction. But with this pro-innovation, principles-based approach comes questions that have remained unanswered. Many relate to the application of UK data privacy laws…
The Elephant in Tesla’s Boardroom
Next week, Tesla investors will cast an unprecedented vote on what a court called the “largest chief-executive pay package in the history of public markets.” While the vote has been closely watched, little attention has been paid to the elephant in the (board)room: Musk’s threat not to develop Tesla into an artificial-intelligence leader if he…
SEC Enforcement Chief Discusses Five Principles of Effective Cooperation in Investigations
This event, together with its East Coast and now Midwest counterparts, offers regulators like me a unique opportunity to speak directly to leaders of the securities bar about issues of mutual concern. That’s what I’d like to do this afternoon – speak to you all directly about a topic that has been widely discussed at…
Skadden Discusses Court’s Broad View of Copyright Preemption in Data Scraping Case
The recent California district court decision dismissing the complaint in X Corp. v. Bright Data Ltd. could have significant implications for companies that rely on their terms of use to prohibit unauthorized “data scraping” — that is, using automated tools to extract data from a website or online services.
While data scraping was the subject of significant…
Can Decentralized Finance Promote Democracy?
In a recent paper, I draw a rough map of the vast field of decentralized finance (DeFi). DeFi serves as an umbrella term for financial platform transactions that operate through automated protocols on blockchain and have prompted hard discussions regarding the public and private nature of money. With a focus on the competing understandings…