Understanding the need for regulation to ensure the safe use of AI, the European Union (EU) has introduced the world’s most comprehensive legal guideline, EU AI Act, designed to impose strict requirements on AI systems...more
It should come as no surprise that venture capital (VC) investors are drilling down into startups building businesses with Artificial Intelligence (AI) at the core. New data from PitchBook actually shows that AI startups make...more
Artificial Intelligence (AI) is expected to impact almost every modern industry, with no exception for the automotive and transportation industries. Today’s cars are more “connected” than ever, offering features such as...more
12/18/2024
/ Artificial Intelligence ,
Automation Systems ,
Automotive Industry ,
Cyber Attacks ,
Cybersecurity ,
Department of Transportation (DOT) ,
Driverless Cars ,
Executive Orders ,
Machine Learning ,
NHTSA ,
OEM ,
Personal Information ,
Request For Information ,
Shareholders ,
Transportation Industry
Foley & Larder LLP recently sponsored TEDAI 2024 in San Francisco, drawing industry leaders and change makers to share meaningful new ideas in the rapidly developing area of artificial intelligence (AI). Four Foley partners,...more
11/13/2024
/ Acquisitions ,
Artificial Intelligence ,
Cybersecurity ,
Data Privacy ,
Due Diligence ,
Healthcare ,
Infrastructure ,
Machine Learning ,
Mergers ,
National Security ,
Transparency
There have been significant changes to the regulations surrounding artificial intelligence (AI) on a global scale. New measures from governments worldwide are coming online, including the United States (U.S.) government’s...more
8/27/2024
/ Artificial Intelligence ,
Compliance ,
Compliance Monitoring ,
Department of Justice (DOJ) ,
Ethics ,
EU ,
European Commission ,
Executive Orders ,
Federal Trade Commission (FTC) ,
Information Governance ,
Machine Learning ,
Regulatory Agenda ,
Risk Assessment ,
Transparency ,
UK Competition and Markets Authority (CMA)
On July 2, 2024 the California State Assembly Judiciary Committee passed SB-1047 (Safe and Secure Innovation for Frontier Artificial Intelligence Models Act), following its passage by the Senate on May 21, 2024. The bill aims...more
Business leaders, from CEOs to CIOs to project managers, are rapidly adopting generative artificial intelligence tools to transform their organizations, harnessing technology to drive efficiency, streamline processes, and...more
Amid a period of recalibration, the artificial intelligence industry is experiencing a transformational phase.
According to a recent report from Stanford’s Institute for Human-Centered Artificial Intelligence that closely...more
5/21/2024
/ Acquisitions ,
Algorithms ,
Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
Compliance ,
Copyright ,
Data Collection ,
Data Privacy ,
Due Diligence ,
Ethics ,
General Data Protection Regulation (GDPR) ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Investment ,
Popular ,
Purchase Agreement ,
Startups
Everyone is watching to see when venture fundraising will rebound. There has been much speculation surrounding when it will bounce back, and PitchBook is is now predicting it could be 2028 before we see a real recovery in...more
As is the case with most emerging technologies, developments in artificial intelligence (AI) are quickly outpacing regulations, and with this comes a variety of important legal considerations. While there has been a push for...more
4/23/2024
/ Artificial Intelligence ,
Business Development ,
Business Strategies ,
Early Stage Companies ,
Entrepreneurs ,
Intellectual Property Protection ,
Investors ,
Legislative Agendas ,
Regulatory Agenda ,
Regulatory Requirements ,
Startups ,
Venture Capital
2024 ushered in a seismic shift for mergers and acquisitions (M&A) in the U.S. with the implementation of the Corporate Transparency Act (CTA). Aimed at cracking down on the misuse of shell companies and promoting ownership...more
2/27/2024
/ Acquisitions ,
Beneficial Owner ,
Business Entities ,
Corporate Transparency Act ,
Due Diligence ,
FinCEN ,
Mergers ,
Pooled Investment Vehicles ,
Reporting Requirements ,
Securities Exchange Act of 1934 ,
Tax Exempt Entities
We know 2023 was not a great year for M&A activity, but seed- and early-stage startups fared much better than their later-stage counterparts. A recent PitchBook article addresses this, highlighting data that shows young...more
Share on Twitter Print Share by Email Share Back to top In a recent webinar co-hosted by 4thly and Foley & Lardner LLP, lawyers Natasha Allen and Louis Lehot engaged in a thought-provoking discussion with 4thly’s Bret Waters...more
The California Legislature is back to work for 2024, and one of the items at the top of their agenda will be artificial intelligence (AI) regulation at the state level. AI regulation has become even more of a focus on a...more
1/11/2024
/ Algorithms ,
Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Biden Administration ,
California ,
California Privacy Protection Agency (CPPA) ,
Executive Orders ,
Machine Learning ,
Regulatory Agenda ,
Technology Sector ,
Transparency
In an era dominated by technological advancements, the tech industry has become a battleground for various legal challenges shaped by geopolitical events, partisan politics, regulatory initiatives, patent disputes and class...more
1/11/2024
/ Antitrust Provisions ,
China ,
Class Action ,
Data Protection ,
Intellectual Property Protection ,
International Trade Disputes ,
Investigations ,
Legal Technology ,
Military Conflict ,
Patents ,
Risk Mitigation ,
Supply Chain ,
Technology Sector
The Corporate Transparency Act (the “CTA”), which went into effect January 1, 2024, requires “reporting companies” in the United States to disclose information regarding its beneficial owners, i.e., the individuals who...more
While consensus on the precise approach to artificial intelligence (AI) regulation in the U.S. remains elusive, canaries in the coal mine are calling for more comprehensive federal regulation and legislation, mainly to...more
On October 30, 2023, President Biden signed the 53-page Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence that significantly advances the United States' policy framework...more
11/17/2023
/ Algorithms ,
Artificial Intelligence ,
Biden Administration ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Equity ,
Executive Orders ,
Innovative Technology ,
Machine Learning ,
National Security ,
OMB ,
Popular ,
Regulatory Agenda ,
Regulatory Oversight
In our ninth episode, Aaron Erickson from NVIDIA joins Natasha Allen to share his perspectives on where generative artificial intelligence is heading. How are LLMs evolving beyond natural language to incorporate multimodal...more
In our ever-changing technological environment, artificial intelligence (AI) is beginning to exert its influence on numerous sectors, revolutionizing our approach to work. As businesses and organizations worldwide adopt...more
10/12/2023
/ Anti-Discrimination Policies ,
Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Bias ,
Biotechnology ,
Compliance ,
Confidential Information ,
Discrimination ,
Due Diligence ,
Equal Employment Opportunity Commission (EEOC) ,
Federal Trade Commission (FTC) ,
Insurance Industry ,
Intellectual Property Protection ,
Investors ,
Machine Learning ,
Misrepresentation ,
New Guidance ,
Patents ,
Personal Data ,
Purchase Agreement ,
Risk Management ,
Risk Mitigation ,
Startups ,
Strict Product Liability ,
Transparency ,
Venture Capital
In this age of digital communication, it was only a matter of time before emojis found their way into legally binding documents. Emojis are now being used as a means of expression and communication in various spheres of life,...more
In the rapidly evolving world of artificial intelligence (AI), one development stands out for its transformative potential: the rise of generative AI tools. Many major technology companies are building the large language...more
7/18/2023
/ Artificial Intelligence ,
Bias ,
Confidentiality Policies ,
Employment Discrimination ,
General Data Protection Regulation (GDPR) ,
Insurance Industry ,
Intellectual Property Protection ,
Machine Learning ,
Misrepresentation ,
Personal Data ,
Popular ,
Quality Control Plan ,
Risk Management ,
Strict Product Liability
Here at Foley, we've partnered with companies through times of prosperity and crisis. From the Dot-com bubble and the Great Recession to current volatility in crypto to health tech, we've observed a common thread — governance...more
In November 2022, OpenAI, a private artificial intelligence (AI) research laboratory and deployment company, introduced the world to its AI-enabled chatbot ChatGPT, leaving an indelible mark on the public and technology...more
An AI model recently scored high enough on a bar exam to be admitted in most states. AI is booming and it’s fair to say it has become the latest catchphrase with OpenAI’s ChatGPT and other emerging technologies, bringing AI...more