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…
On March 18, 2024, the United States Securities and Exchange Commission (the âSECâ) announced that it settled charges against two investment advisers for making false and misleading statements about their purported use of artificial intelligence (AI). This SEC enforcement action marks the latest efforts by securities regulators to combat the adverse effects of âAI washingâ and confirms that AI, and particularly âAI washingâ, is at the forefront of securities regulatorsâ minds. What is âAI washingâ? âAI washingâ…
In brief Surrounded by an improbable retinue of country music stars and state lawmakers, on March 21, 2024 Tennessee Governor Bill Lee signed HB 2091, which amends the stateâs right of publicity statute to create the Ensuring Likeness, Voice, and Image Security Act of 2024 (the âELVIS Actâ). The ELVIS Act is billed as the first law to protect âsongwriters, performers, and music industry professionalsâ voice from the misuse of artificial intelligence.â The ELVIS Act…
On February 8, 2024, the Federal Communications Commission (FCC) unanimously adopted a declaratory ruling deeming telephone calls using AI-generated voices subject to Telephone Consumer Protection Act (TCPA) restrictions on calls containing an âartificial or prerecorded voiceâ. According to the ruling, § 227 of the TCPA, which prohibits the initiation of âany telephone call to any residential telephone line using an artificial or pre-recorded voice to deliver a message without the prior express consent of the…
It would be an understatement to say that generative AI is taking the business world by storm. Companies are racing to find ways to integrate AI into their daily processes, and software companies are no exception. Generative AI has demonstrated a high level of compatibility with day to day software development tasks, especially those processes that are more routine. CEOs of some of the biggest tech companies in the world have even expressed that junior…
On February 13, 2024, the USPTO issued new guidance regarding the patentability of inventions created with the assistance of AI. Issued in response to the âExecutive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligenceâ released by President Biden on October 30, 2023, this guidance has been highly anticipated, in view of the marketâs rapid adoption of AI tools in all corners of business, including the creation of inventions and new…
The EU AI Act was adopted by the European Parliament today and is expected to enter into force within a few months, with its first substantive provisions taking effect before the end of 2024. The EU AI Act applies across the AI lifecycle – from developers to deployers of AI technologies – and organisations across industries have been watching its progress closely. Now that it is finally approved, we set out below whatâs next, and…
In the past year, news coverage on generative artificial intelligence has dominated headlines. Generative AI offers dominant functionality and opportunities to leverage incredibly powerful algorithms to make new content. One area that business leaders and research and development teams may think to use generative AI is in the realm of new inventions. However, while generative AI offers great potential, it also comes with risk. Below, we discuss patent and other IP considerations related to using…
Hot on the heels of the unanimous vote by Ambassadors for the EU Member States (COREPER) Â approving the EU AI Act on 2 February (see our article on that vote here: Is the EU AI Act nearing the finish line? – Connect On Tech, today lawmakers from the EU Parliament have also overwhelmingly voted in favour of the Act as it continues on its legislative journey. The joint internal market and civil liberties committee of…
The UK government has published its long-waited response to the AI White Paper, “A pro-innovation approach to AI regulation” published back in March 2023. Here’s what you need to know. 1. Endorsement of principles-based approach The UK is sticking with its principles-based regulatory framework for AI, continuing to take a very different path to its EU neighbours (as discussed in our previous alert). Unlike the EU there will be no new AI regulator, new legislation…