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The EU AI Act came into effect on 1 August 2024, and the first obligations under the Act will become applicable from 2 February 2025. Providers and deployers of AI systems must ensure that their employees and contractors...more
On September 23, 2024, the U.S. Department of Justice (“DOJ”) released updates to its Evaluation of Corporate Compliance Programs (“ECCP”) guidance. In a move that surprised no one (especially if companies have been reading...more
As generative artificial intelligence continues to revolutionize business operations across industries, it has become imperative for companies to establish robust internal policies governing its use by employees. This alert...more
“In assessing a generative AI product, it is critical to understand issues of data ownership and privacy. This cumbersome task is necessary to learn how the AI platform will use data, if the data shared is entering an open or...more
A group of scammers recently used deepfake technology – now readily available to just about anyone – to trick a finance employee into paying them over $25 million of corporate funds. This might be one of the world’s biggest...more
In their book, “AI 2041: Ten Visions for Our Future,” Kai-Fu Lee and Chen Qiufan point out that we used to live in a world where we could trust video evidence, but not anymore. Thanks to deepfakes – sophisticated digital...more
As artificial intelligence (“AI”) technology continues to advance, more and more people are logging on and experimenting with the technology. ChatGPT, one free and popular AI, is reportedly the fastest-growing consumer...more