News & Analysis as of

Algorithms Automation Systems Risk Management

EDRM - Electronic Discovery Reference Model

Afraid of AI? Learn the Seven Cardinal Dangers and How to Stay Safe

If you’re afraid of artificial intelligence, you’re not alone, and you’re not wrong to be cautious. AI is no longer science fiction. It’s embedded in the apps we use, the decisions that affect our lives, and the tools...more

Mayer Brown

Virginia Legislature Passes Comprehensive Artificial Intelligence Act

Mayer Brown on

AT A GLANCE - On February 20, 2025, the Virginia legislature passed the High-Risk Artificial Intelligence Developer and Deployer Act (Virginia AI Act), a comprehensive artificial intelligence bill focused on preventing...more

Shook, Hardy & Bacon L.L.P.

Virginia’s Artificial Intelligence Bill Nears the Finish Line

Déjà vu all over again: after Colorado and Virginia established competing standards for comprehensive privacy laws in 2021, history appears to be repeating itself in the artificial intelligence (AI) space. Virginia’s...more

Jackson Lewis P.C.

The Importance of Being Erroneous: Are AI Mistakes a Feature, Not a Bug?

Jackson Lewis P.C. on

No one intentionally sets out to make a mistake. Yet, it has long been recognized by some of our greatest innovators from Thomas Edison to Albert Einstein to Henry Ford that making mistakes (and learning from them) is the key...more

Purpose Legal

Looking Beyond Generative AI – Agentic AI’s Potential in Legal Services

Purpose Legal on

Generative AI is quickly transforming many industries—including legal services. Many of us are already using (or at least experimenting with) Generative AI, with impressive results. Allow me to introduce the next leg in our...more

Conn Kavanaugh

Unraveling the AI Revolution

Conn Kavanaugh on

The rapid rise of artificial intelligence (“AI”) is reshaping industries, transforming economies, and presenting profound legal and ethical challenges....more

IR Global

New risks, new rewards - The Visionaries

IR Global on

The productivity paradox: Does more technology mean less growth? Nobel Prize-winning economist Robert Solow famously remarked, “You can see the computer age everywhere except in the productivity statistics.” This paradox...more

DLA Piper

SAGE: A Systematic Approach to Data-driven AI Governance

DLA Piper on

Artificial intelligence (AI) technology is advancing at an unprecedented rate, increasing in complexity while driving significant innovation across sectors. In response to the rapid development of AI, myriad compliance...more

EDRM - Electronic Discovery Reference Model

Dario Amodei’s Essay on AI, ‘Machines of Loving Grace,’ Is Like a Breath of Fresh Air

While almost everyone is panicking about a potential robot apocalypse, Dario Amodei, the CEO and co-founder of Anthropic (“Claude”), is explaining how AI might compress 100 years of medical progress into a decade, cure mental...more

Mandelbaum Barrett PC

Leveraging AI in Business: Legal Implications and Best Practices

Mandelbaum Barrett PC on

According to a Gartner survey, by 2026, more than 80% of enterprises will have implemented generative AI, which will have a significant impact on their operations. The aim is to enhance overall business processes and...more

EDRM - Electronic Discovery Reference Model

The Future of AI Is Here—But Are You Ready? Learn the OECD’s Blueprint for Ethical AI

The future of Artificial Intelligence isn’t just on the horizon—it’s already transforming industries and reshaping how businesses operate. But with this rapid evolution comes new challenges. Ethical concerns, privacy risks,...more

Burr & Forman

What To Do Before Adopting Generative AI in Your Business

Burr & Forman on

Your business may want to jump on the Generative AI (GAI) bandwagon and discover how your company may become more productive, competitive, reduce costs, and make the most of new technology. There are many intriguing and...more

Sheppard Mullin Richter & Hampton LLP

AI Summer Roundup: EU and Colorado Celebrate Summer with AI Legislation

As we enter the end of the summer, the AI regulatory steam is not slowing down. Colorado is now the first US state to have a comprehensive AI law (going into effect February 1, 2026), and the EU published its sweeping AI law...more

McGlinchey Stafford

Colorado Enacts Law Regulating High-Risk Artificial Intelligence Systems

McGlinchey Stafford on

On May 17, 2024, Colorado enacted SB 205, broadly regulating the use of high-risk artificial intelligence systems to protect consumers from unfavorable and unlawful differential treatment. The bill, which requires compliance...more

Stinson LLP

Colorado Legislation Tackles Algorithmic Discrimination in AI

Stinson LLP on

Colorado is the first state to enact a comprehensive artificial intelligence (AI) law to protect consumers against discrimination after a nearly identical bill failed to pass in Connecticut. The purpose of the Colorado...more

Thomas Fox - Compliance Evangelist

AI in Compliance Week: Part 3 – Embracing AI-Powered Internal Controls

Integrating artificial intelligence (AI) into internal controls is pivotal in the ever-evolving corporate governance landscape. We have closely followed the discussion around this emerging trend and the insights from industry...more

The Volkov Law Group

AI Compliance Programs: Filling in the Gaps and Mitigating Risks (Part II of II)

The Volkov Law Group on

We are at an important inflection point — AI technologies are rapidly developing; we are witnessing a historic metamorphosis in the technology, the impact on businesses and society and important steps being taken to regulate...more

The Volkov Law Group

Emerging AI Risk and Compliance Frameworks (Part I of II)

The Volkov Law Group on

The new compliance cottage industry surrounds artificial intelligence.  We are at such an early stage of AI development — companies are still figuring out how they can employ the technology.  Some industries, such as...more

Epstein Becker & Green

Colorado SB 24-205: Addressing AI Risk with Sweeping Consumer Protection Law

Epstein Becker & Green on

On May 17, 2024, Colorado Governor Jared Polis signed into law SB 24-205—concerning consumer protections in interactions with artificial intelligence systems—after the Senate passed the bill on May 3. The law adds a new part...more

Goodwin

Agencies Issue Final Guidance on Third-Party Risk Management

Goodwin on

Agencies Issue Final Guidance on Third-Party Risk Management - On June 6, the Federal Reserve, FDIC, and OCC issued final joint guidance (the Guidance) pertaining to banking organizations’ risk management of third-party...more

NAVEX

How Smart, Connected Due Diligence Systems are Transforming Third Party Risk Management

NAVEX on

The compliance field is in the early stages of a paradigm shift on managing due diligence—moving from a data drought to a data flood. Today’s compliance manager has to figure out how to proactively and continuously manage,...more

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