AI, Analytics, and the Benefits of Transparency
Butler's Thursday Tips | Little Black Box
Takeaways: •The IRS is modernizing its somewhat anemic whistleblower program. •IRS whistleblower awards are finally rebounding. •The IRS is aggressively targeting high-net-worth taxpayers and large corporations. ...more
On July 17, the USPTO published an update to the patent eligibility guidance and added three new examples to aid practitioners and examiners in determining whether a claimed invention is eligible subject matter under Section...more
Personalized medical intervention is in a transformative phase as artificial intelligence algorithms are increasingly deployed to tailor treatments for individual patients based on their unique characteristics. Developers...more
On September 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued new guidance outlining lenders’ obligations under the Equal Credit Opportunity Act (ECOA) and Regulation B when using artificial intelligence (AI)...more
In the early 2000s, many accident reconstructionists believed that the emergence of event data recorders (EDRs) meant that EDRs would replace many of the traditional accident investigation techniques. These EDRs were commonly...more
With the discussion around the impact of generative AI dominating the dialogue within the legal services industry, it is easy to buy into the hype without considering if the technology is the appropriate tool for the task. ...more
Forensic engineering and accident investigation is a diverse and comprehensive field that involves the examination and analysis of both physical and electronic evidence. An integral part of the accident investigation process...more
Supreme Court to Hear Oral Arguments in Axon Enterprises- With the October 2022 term of the U.S. Supreme Court (“Court”) now underway, health care providers and others in the health care industry contemplating merger and...more
Even as artificial intelligence (AI) has become more commonplace and relied upon by businesses in different industries, it still faces criticism on whether it can be implemented in a safe and ethical manner and, related, how...more
On May 26, the CFPB published a circular affirming that federal anti-discrimination laws require companies to explain to consumers the specific reason a credit application was denied, even if the creditor is relying on...more
The Consumer Financial Protection Bureau (“CFPB”) released a regulatory Circular providing guidance regarding the use of “complex algorithms” to assess whether a consumer should be extended credit. Often referred to as “black...more
Artificial intelligence (AI) and machine-learning algorithms are powerful tools that can automate or inform decision-making. At the same time, those algorithms can be quite complex and appear to be a “black box”—inscrutable...more
The Background: In 2019, the European Commission and the European Council jointly approved a regulation that will require new safety measures in motor vehicles starting July 2022, including the installation of so-called...more
Israel's Ministry of Justice has issued a call for public comments regarding the regulation of autonomous vehicles, with a focus on the tort and insurance aspects. Key Points- Background- •The mobility market is...more
Forbes Senior Contributor, David Teich, joins co-hosts Bill and Rob to take a look inside the so-called “black box” behind AI and analytics. Together they explore the importance of transparency in the legal world, the...more
To capitalize on the promise of artificial intelligence and alternative data, boards need to anticipate and mitigate various risks. Takeaways - Hidden biases need to be prevented. - Neither regulators nor the public will...more
In this week's Thursday Tip, attorney Paula Solano discusses the use of ECMs in Third-Party vehicle claims. #ButlerLegal #Law #VehicleAccidents #BlackBox ...more
Connected and autonomous vehicles ("CAVs") are expected to become a reality on roads across modern economies in the near future. In 2018, the EU estimated that, provided a sufficient regulatory and enabling framework is in...more
What happens to your data when it’s processed for review? And why does it matter? Join Logikcull and renowned eDiscovery expert Craig Ball as we take a deep dive into the often-unexplored waters of eDiscovery data...more
The Food and Drug Administration has issued a new draft breast implant guidance recommending that manufacturers strengthen labeling about the potential complications and risks of the medical devices, particularly by adding...more
Policy makers are showing increasing concern in the fair lending implications of artificial intelligence (AI) in credit underwriting. The concerns surrounding AI echo views on credit scoring and automated underwriting systems...more
US President Donald Trump issued the Executive Order on Improving Price and Quality Transparency in American Healthcare to Put Patients First on June 24, another in a long line of recent executive and legislative branch...more
The machines are taking over. Not always apparent, but Artificial Intelligence (AI) and machine learning (ML) are finding footholds in numerous industries. One area in which AI is rapidly on the rise relates to employment...more
Event data recorders, also known as “black boxes” or “sensing diagnostic modules,” capture information such as the speed of a vehicle and the use of a safety belt. In the event of a collision this information can be used to...more
Trucking companies will receive a small reprieve when it comes to implementation of the Federal Motor Carrier Safety Administration's (FMCSA) electronic logging device (ELD) rule that takes effect on Dec. 18, 2017. The rule,...more