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Eversheds Sutherland (US) LLP

Commercially Connected Shorts - 21 August 2024

Welcome to Commercially Connected shorts, our weekly bitesize newsletter summarising the latest international commercial law updates. This week we look at: - Are your records in order – responding to ECCTA and other...more

K&L Gates LLP

Brussels Regulatory Brief: June 2024

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Antitrust and Competition - The European Commission to Take Action to Address Territorial Supply Constraints - On 24 May 2024, the EU Commissioner for Competition, Margrethe Vestager, announced that the European Commission...more

WilmerHale

UK, EU, and US release joint statement on competition in generative AI foundation models and AI products

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On July 23, the European Commission, US Department of Justice, US Federal Trade Commission, and UK Competition and Markets Authority released a joint statement setting out shared principles on competition in markets that...more

A&O Shearman

AI Act published in EU Official Journal to enter into force on 1 August 2024

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On 12 July, 2024, the Regulation (EU) 2024/1689 laying down harmonised rules on artificial intelligence (the ‘EU AI Act’) was published in the official Journal of the European Union. The EU AI Act aims to establish a...more

Alston & Bird

What to Tell Your C-Suite About the EU AI Act

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Our Privacy, Cyber & Data Strategy Team highlights 11 common questions your company’s senior executives may have about the European Union’s Artificial Intelligence Act and how you can answer them....more

Wilson Sonsini Goodrich & Rosati

EU AI Act to Enter into Force in August

On July 12, 2024, the European Union’s (EU) Artificial Intelligence Act (AI Act) was published in the Official Journal of the EU. This was the last step for the AI Act to become law. The AI Act will enter into force 20 days...more

Cornerstone Research

2024 TEC Institute Summit: Key Insights and Takeaways

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The inaugural TEC Institute Summit took place on 24 April 2024, organised in collaboration with Cornerstone Research and the European University Institute’s Centre for a Digital Society. Policymakers, technological...more

Wilson Sonsini Goodrich & Rosati

EU AI Act Is Now Adopted

On May 21, 2024, the Council of the European Union (the Council) formally signed off on the latest draft of the European Union’s (EU) Artificial Intelligence Act (AI Act) (see the press release here). This marks the final...more

Dechert LLP

Revised EU Guidance on Market Definition: Key points for the technology and other “innovative” sectors

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After over 25 years, the European Commission (the “Commission”) has revised the guidance on market definition in antitrust and merger control investigations. The new guidance, most notably, reflects developments relating to...more

Wiley Rein LLP

EU Adopts World’s First Comprehensive AI Regulation

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On March 13, 2024, the European Parliament passed the much-anticipated European AI Act, which is the first comprehensive attempt to regulate artificial intelligence (AI) globally. The AI Act – which is formally known as the...more

White & Case LLP

The pre-final text of the EU’s AI Act leaked online

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On January 22, 2024, the pre-final text of the European Union's Artificial Intelligence Act ("EU AI Act") – the world's first comprehensive horizontal legal framework for the regulation of AI systems across the EU – leaked...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU and UK Merger Regulators Look Beyond Horizontal and Vertical, With Digital ‘Ecosystems’ a New Focus

Key Points - - EU competition regulators are increasingly considering “ecosystems” of products and services in their analysis of the competitive impact of mergers — a framework that often does not fit with the historical...more

Pillsbury - Internet & Social Media Law Blog

EU Reaches Agreement on New “AI Act”: The World’s First Comprehensive AI Law

The Council of the European Union and the European Parliament reached a provisional agreement on a new comprehensive regulation governing AI, known as the “AI Act,” late on Friday night (December 8, 2023). While the final...more

Alston & Bird

Companies Prepare for Change as EU Legislators Agree on EU Artificial Intelligence Act

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On December 8, 2023, following marathon negotiations, European Union (‘EU’) legislators reached a political agreement on the much-anticipated EU Artificial Intelligence Act (‘AI Act’). The AI Act is billed as the first...more

Foley & Lardner LLP

Building a Better AI Legal Framework: The EU AI Act and Beyond

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Recent discussions surrounding the EU Artificial Intelligence Act have accelerated as the European Parliament took the Act one step closer to becoming effective law. On June 14, 2023, the Parliament voted for negotiations...more

Baker Donelson

ChatGPT in the Crosshairs: How the EU's AI Act May Affect Your Use of Generative AI

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The era of generative AI is here. The surge in popularity of ChatGPT has created a massive disruption as companies balance the benefit of accelerated productivity against the potential risks. The tension between innovation...more

Jones Day

EU Chips Act: The EU's Push for Semiconductor Autonomy

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Background  - Recent supply disruptions in the semiconductor industry have highlighted the dependence of many global economies, including the EU, on imported chips manufactured in Asia....more

Morgan Lewis - Tech & Sourcing

Coalition of European Banks Calls for Model Cloud Services Terms

The European Cloud User Coalition (ECUC) published a paper (the Position Paper) on May 17 recommending, among other matters, the adoption of “model clauses” for the long-term compliant use of cloud technologies....more

White & Case LLP

Regulation of Artificial Intelligence in Europe and Japan

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Enterprises around the world are rapidly incorporating artificial intelligence (AI) into existing and new products and processes. This effort is not just to improve such offerings and services, but to achieve a qualitatively...more

Hogan Lovells

“The EU as a global leader”: The green shoots of a New Deal

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The European Commission took a significant step towards the decarbonisation of the European economy in December 2019 with its proposal of a "European Green Deal"....more

Skadden, Arps, Slate, Meagher & Flom LLP

Competition Policy for the Digital Era: Advisers to the European Commission Recommend Vigorous Enforcement and Adjustments to...

On April 4, 2019, the European Commission published a report1 prepared by three special advisers (the Advisers) appointed by EU Competition Commissioner Margrethe Vestager to explore how EU competition policy should evolve in...more

A&O Shearman

EU Report on Regulatory Sandboxes and Innovation Hubs

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Fulfilling the mandate in the European Commission's March 2018 FinTech Action Plan, the Joint Committee of the European Supervisory Authorities has published a report on regulatory sandboxes and innovation hubs, together...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

U.S. Financial Industry Developments - FINRA Requests Comment on Financial Technology Innovation in the Broker-Dealer Industry - On July 30, 2018, the Financial Industry Regulatory Authority ("FINRA") published a...more

MoFo Tech

The EU’s Strategy for AI Investment

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The European Union has laid out a strategy to promote the growth of Artificial Intelligence technology in Europe. As so often with EU initiatives, the initiatives designed to implement the strategy are long on vision but...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - House Committee on Financial Services Comments on OCC Fintech Charter - All 34 Republican members of the Financial Services Committee of the U.S. House of Representatives, including...more

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