When drafting policies on the use of artificial intelligence, one challenge that many businesses face is how to define AI, and relatedly, when should AI governance and compliance programs apply…
June 27, 2024 On June 24, 2024, the staff of the Division of Corporation Finance of the Securities and Exchange Commission (the “SEC”) released five new Compliance & Disclosure Interpretations…
As the European Union edges ever-closer to formally enacting the EU AI Act, attention is turning to how other jurisdictions will approach AI regulation. In the UK, individual regulators will…
On May 17, 2024, Colorado passed Senate Bill 24-205 (“the Colorado AI Law” or “the Law”), a broad law regulating so-called high-risk AI systems that becomes effective on February 1,…
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…
On January 17, 2024, the New York State Department of Financial Services (the “NYDFS”) issued a Proposed Insurance Circular Letter regarding the Use of Artificial Intelligence Systems and External Consumer…
On May 26, 2023, the Colorado Division of Insurance (the “DOI”) released its Revised Draft Algorithm and Predictive Model Governance Regulation (the “Revised Regulation”), amending its initial draft regulation (the…
Back in November 2022, we highlighted the enactment of the EU’s Digital Operational Resilience Act (“DORA”) that will impose far-reaching operational resilience requirements and Board oversight requirements on almost all…
Agenda recently interviewed Avi Gesser on the legal risks associated with generative AI tools, whether company boards need AI experts, and which board committee should be responsible for overseeing AI…
We have written several times about the need for companies to reduce the amount of data that they collect and to get rid of old data. Data minimization lowers the…