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
Google removed its organizational ban on the use of AI for weapons and surveillance systems. The change eliminates key portions of the tech giant’s AI Principles that banned such uses. These principles, established in 2018,...more
3/13/2025
/ Artificial Intelligence ,
Compliance ,
Copyright ,
Data Privacy ,
Department of Defense (DOD) ,
Deregulation ,
Elon Musk ,
Enforcement Actions ,
EU ,
Fair Use ,
Federal Trade Commission (FTC) ,
Google ,
IP Litigation ,
LinkedIn ,
National Security ,
Proposed Legislation ,
Regulatory Agenda ,
Risk Management ,
Surveillance ,
Technology Sector ,
UK
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
Several industry organizations have recently published AI guidelines, including the Digital Medicine Society (DMS), in partnership with Google and the Mayo Clinic. The DMS playbook includes both a strategy guide and an ROI...more
11/19/2024
/ Amazon ,
Artificial Intelligence ,
Big Tech ,
Copyright ,
Copyright Infringement ,
Cybersecurity ,
Dow Jones ,
Google ,
Governor Newsom ,
Investors ,
Microsoft ,
Nuclear Power ,
NYDFS ,
Pending Litigation ,
Privacy Laws ,
Regulatory Agenda ,
Tesla ,
United Nations
Google and Microsoft are spearheading the Coalition for Secure AI, focusing on supply chain security and mitigation strategies. Whether this attempt at self-regulation will ultimately succeed is unknown, as it overlaps with...more
8/16/2024
/ Artificial Intelligence ,
Artists ,
Banking Sector ,
Copyright ,
Copyright Litigation ,
Data Security ,
Department of Energy (DOE) ,
Entertainment Industry ,
FCC ,
Federal Trade Commission (FTC) ,
FinTech ,
Google ,
Health Care Providers ,
Information Reports ,
Journalists ,
Microsoft ,
Proposed Legislation ,
Regulatory Agenda ,
Risk Mitigation ,
Securities and Exchange Commission (SEC) ,
Software ,
Strike ,
Supply Chain
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