Debevoise’s Data Strategy and Security group recently assisted four leading trade associations that represent the financial services industry in preparing a joint comment letter in response to the Cybersecurity and…
Online customer service chatbots have been around for years, allowing companies to triage customer queries with pre-programmed responses that addressed customers’ most common questions. Now, Generative AI (“GenAI”) chatbots have…
Adding to the growing number of cybersecurity incident reporting obligations, the Cybersecurity and Infrastructure Security Agency (“CISA”) has introduced a reporting requirement that will impact all critical infrastructure sectors, featuring…
Many public companies are starting to face increased risks of securities class action litigation based on statements about their use of AI that are alleged to have been false or…
On March 18, 2024, the U.S. Securities and Exchange Commission (“SEC”) announced settled charges against two investment advisers, Delphia (USA) Inc. (“Delphia”) and Global Predictions Inc. (“Global Predictions”) for making…
We have previously written about the legal risks that companies face if they oversell the capabilities of their AI systems, known as “AI washing.” In particular, the FTC and the…