News & Analysis as of

United Kingdom Artificial Intelligence Transparency

A&O Shearman

Zooming In on AI - #6: AI under financial regulations in the U.S., EU and U.K.

A&O Shearman on

Many governments are grappling with the question of how to regulate artificial intelligence to ensure it is adopted safely and used responsibly without hampering innovation. Governments have generally indicated similar...more

Dechert LLP

Dechert Cyber Bits - Issue 54

Dechert LLP on

European Data Protection Board Publishes Strategy for 2024-27 - The European Data Protection Board (“EDPB” - the EU body tasked with promoting consistency and cooperation in enforcement of the GDPR) has outlined its...more

King & Spalding

New Challenge for Global Platforms Operating in the EU

King & Spalding on

On December 13, 2023, negotiators from the EU Parliament and Council announced they had reached a provisional agreement on a directive to improve working conditions for platform workers. Since then, negotiations have...more

K2 Integrity

The Challenge of Transparency in Preventing Financial Crime: Navigating Financial Integrity in a Changing Risk Landscape

K2 Integrity on

The landscape of financial crimes is constantly evolving, and the concept of transparency is being fundamentally challenged. A dynamic, innovative approach is imperative to preserve and shape the future of financial...more

Pillsbury - Internet & Social Media Law Blog

The Impact of AI Foundation Models on Competition, Consumers and Regulation: A View from the UK’s CMA

The Competition and Markets Authority (CMA), the UK’s competition regulator, announced this month that it plans on publishing an update in March 2024 to its initial report on AI foundation models (published in September...more

Mitratech Holdings, Inc

Happy birthday, ChatGPT! Celebrating 1 year with the top 10 milestones in AI governance

Mitratech Holdings, Inc on

A year in review for the ChatGPT (chatbot generative pre-trained transformer) — and a look ahead at the global response to AI & which governance “guardrails” are required. On November 30th, 2023, the world will celebrate...more

Morrison & Foerster LLP

Government Consults on Potential Changes to the UK’s Investment Screening Regime

Morrison & Foerster LLP on

On 13 November 2023, the UK government launched a Call for Evidence in relation to the operation of the UK National Security and Investment Act 2021 (the ‘NSIA’), inviting interested stakeholders to provide feedback on the...more

Akin Gump Strauss Hauer & Feld LLP

UK CMA Publishes Thoughtful Report on AI Foundation Models

On 18 September 2023, following its initial review of artificial intelligence (AI) foundation models (FMs), the UK Competition and Markets Authority (CMA) published its eagerly awaited report (the “Report”).The Report has...more

Skadden, Arps, Slate, Meagher & Flom LLP

AI in Europe: Road Map for Navigating the IP, Data Protection and Regulatory Considerations

Organizations developing or using generative AI tools should implement cross-functional governance frameworks to develop and continuously monitor their use of such tools. From the earliest stages of generative AI use,...more

McDermott Will & Emery

The EU Artificial Intelligence Act: What's the Impact?

McDermott Will & Emery on

The EU Artificial Intelligence Act (or “AI Act”) is the world’s first legislation to regulate the use of AI. It leaves room for “technical soft law”; but, inevitably (being the first and being broad in scope), it will set...more

WilmerHale

AI and Algorithms in Financial Services - Future Areas of Focus

WilmerHale on

Artificial intelligence (AI) and algorithmic models are used extensively in the financial services sector across a broad range of business areas. Two-thirds of respondents to a survey conducted jointly by the UK’s Prudential...more

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