The use of AI in banking was a topic in April, as Bank of America revealed it will spend $4 billion on AI initiatives in the coming year. The bank cited AI’s usefulness in reducing IT support calls and the over 90% usage...more
5/15/2025
/ Algorithms ,
Artificial Intelligence ,
Bank of America ,
Banking Sector ,
Copyright ,
Copyright Litigation ,
Data Privacy ,
Data Security ,
Deep Fake ,
Elon Musk ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Google ,
Machine Learning ,
Microsoft ,
Pending Litigation ,
Popular ,
Regulatory Agenda ,
Technology ,
Wells Fargo ,
WhatsApp
January saw activity in the copyright infringement lawsuit filed by a group of authors led by comedian Sarah Silverman against OpenAI. A magistrate judge ordered the AI pioneer to produce its datasets, which are used for...more
It was a busy year for AI in 2024, and the Benesch AI Commission continued to follow the headlines and stay on top of legal developments. We wanted to take a look back at the year while also looking forward with some...more
1/29/2025
/ Amazon ,
Artificial Intelligence ,
China ,
Emerging Technologies ,
EU ,
Innovation ,
Legal Technology ,
Machine Learning ,
New Legislation ,
Partnerships ,
Pending Litigation ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Oversight ,
Risk Management ,
Technology Sector
The U.S. government has expanded its relationship with OpenAI as NASA, the National Gallery of Arts and the IRS purchased ChatGPT licenses. This comes despite policymakers mulling potential concerns about the technology....more
12/16/2024
/ Artificial Intelligence ,
Banking Sector ,
Decentralized Finance (DeFi) ,
Federal Contractors ,
Financial Services Industry ,
Health Care Providers ,
Investment Banks ,
Machine Learning ,
Music Industry ,
Partnerships ,
Regulatory Agenda ,
Technology Sector
Much like it did with its landmark privacy legislation, California is once again leading the pack on AI legislation after recently passing more than a dozen AI-related bills. While the bills cover a variety of topics,...more
There has been a seismic shift in the relationship between Big Tech’s AI power couple, Microsoft and OpenAI. The former listed the AI pioneer as a competitor in its annual report, perhaps signaling a less friendly dynamic...more
9/24/2024
/ Apple ,
Artificial Intelligence ,
Artists ,
Banking Sector ,
Copyright ,
Copyright Litigation ,
Deep Fake ,
Department of Justice (DOJ) ,
Elon Musk ,
Government Investigations ,
Health Care Providers ,
Machine Learning ,
Microsoft ,
New Guidance ,
Popular ,
Proposed Legislation ,
Technology Sector ,
U.S. Commerce Department
The AI sector continues to experience regulatory growing pains. Tech companies are struggling to comply with the EU’s new AI laws, which require more transparency in their model training. Meta, in particular, had to halt its...more
7/18/2024
/ Analytics ,
Artificial Intelligence ,
Big Tech ,
Consumer Financial Protection Bureau (CFPB) ,
Copyright Infringement ,
EU ,
Google ,
Machine Learning ,
Microsoft ,
Minors ,
NAD ,
Regulatory Agenda
Tennessee recently became the first state in the Union to pass a law protecting creative artists in the music industry from having their works, voices or likenesses duplicated by AI without authorization. On the surface, the...more