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Copyright 2024 Bloomberg Industry Group, Inc. (800-372-1033) AI: Real Money, Light Representations & Light Deal Certainties. Reproduced with permission. Editor’s note: For additional guidance on practice-specific areas of risk associated with the use of generative and other forms of AI, see our AI Legal Issues Toolkit. For additional information on laws, regulations, guidance, and other legal developments related to AI, visit In Focus: Artificial Intelligence (AI); Data Security, Professional Perspective – Regulation of AI Foundation Models. The wave of…

In a month already full of activity with respect to regulation of artificial intelligence (AI) globally, the U.S. Federal Trade Commission (FTC) has continued to assert its role in regulating AI in the US. On November 21, 2023, FTC commissioners unanimously resolved to streamline the FTC’s ability to issue civil investigative demands (CIDs) regarding AI in products and services. FTC staff may now more easily compel release of documents, information, and testimony as part of…

On October 30, 2023, President Biden issued a 63-page Executive Order to define the trajectory of artificial intelligence adoption, governance and usage within the United States government. The Executive Order outlines eight guiding principles and priorities for US federal agencies to adhere to as they adopt, govern and use AI. While safety and security are predictably high on the list, so too is a desire to make America a leader in the AI industry including…

What rights does a consumer have to a digital product that they purchase? What control does an author have over their creative works? What obligations do others have to you when they use your data to develop new products? None of these questions are new, but the recent proliferation of artificial intelligence (AI) tools, particularly generative AI (GenAI) tools, has brought these questions to the forefront of ongoing conversations about the role that AI will…