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The first requirements under the EU Artificial Intelligence (AI) Act come into effect on February 2, 2025, banning the use of AI systems that involve prohibited AI practices and requiring providers and deployers of AI systems...more
2024 saw strong interest in M&A involving companies that use or develop AI offerings. The rise of AI has brought new issues for dealmakers. In particular, 2024 also saw regulators focusing further on the collection and use of...more
Earlier this year, the European Parliament approved the EU Artificial Intelligence Act (the “AI Act”) by a sweeping majority, becoming the world’s first comprehensive set of rules for artificial intelligence....more
On May 21, 2024, the European Union finalized the adoption of the groundbreaking EU Artificial Intelligence Act, a comprehensive and sector-agnostic legislation that extends globally. This 420-page Act aims to regulate the...more
As we begin the new year, we offer this special edition with predictions for 2024 from members of the Cyber Bits Partner Committee. Regardless of what happens in 2024, we renew our commitment to keep you informed of the...more
On 9 December 2023, European Parliament negotiators and the Council presidency agreed on the final version of what is claimed to be the world's first-ever comprehensive legal framework on Artificial Intelligence; the European...more
In our last update, we relayed reports of the final roadblocks to adoption of the EU’s AI Act. The AI Act has been in development in the EU since 2017 when the European Council called for a “sense of urgency to address...more
On Tuesday, a U.S. federal tax court began hearing arguments regarding Facebook’s 2010 tax bill. The IRS valued Facebook at $13.8 billion, while Facebook reported only $6.5 billion. The final tally could potentially cost...more