Key takeaways from April include: UK FCA’s AI regulation: UK FCA-regulated firms should take note of the FCA’s newly confirmed approach to AI regulation that seeks to be outcome-focused, principle-led,…
We invite you to join members of our Consumer Finance and DSS Groups on May 21, 2024 from 4:00 pm to 5:00pm EDT for the fifth installment in a quarterly…
Despite much fanfare, and a process that seems to edge ever nearer to completion, the EU AI Act still has not been formally adopted. The Act still has to undergo…
The integration of artificial intelligence into companies’ business practices poses increased cybersecurity risks, which we have previously written about here. As AI systems become ubiquitous, they also become targets for…
On March 27, 2024, the U.S. Department of Treasury (“Treasury”) released a report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector (the “Report”). The Report was released…
As artificial intelligence (“AI”) use and capabilities surge, a new risk is emerging for companies: AI whistleblowers. Both increased regulatory scrutiny over AI use and record-breaking whistleblower activity has set…
On April 29th, 2024 from 11:00 am to 12:00 pm (EDT) Debevoise partner Erez Liebermann will be joined in conversation with Todd Conklin, the Chief Artificial Intelligence Officer and Deputy Assistant Secretary…
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…
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…