The Federal Trade Commission has filed a complaint against Evolv Technologies for allegedly making exaggerated claims about its AI-powered security scanners, highlighting the need for accountability in the marketing of AI technologies and the implications of regulatory scrutiny in the sector.
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The California Privacy Protection Agency has proposed new regulations under the California Consumer Privacy Act to address automated decision-making technology, privacy risk assessments, and cybersecurity audits, significantly impacting employers and data brokers with compliance requirements set to take effect in 2025.
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Barnea Jaffa Lande & Co has published an interim report on the integration of artificial intelligence in the financial sector, outlining key risks and regulatory recommendations while inviting public comments by December 15th.
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HarperCollins has entered a three-year agreement with Microsoft to license select nonfiction works for AI training, raising legal concerns about revenue distribution, intellectual property rights, and the role of authors in an AI-driven landscape.
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Lawmakers are pushing for new bipartisan legislation, including the AI Research, Innovation, and Accountability Act and the Content Origin Protection and Integrity from Edited and Deepfaked Media Act, to hold AI companies accountable for misuse of their technologies while addressing civil rights and transparency concerns amidst a fragmented regulatory landscape.
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The Australian Securities and Investments Commission (ASIC) has released REP 798, urging financial services businesses to update their risk and compliance frameworks to address governance challenges and mitigate consumer harm as AI adoption accelerates among Australian Financial Services licensees.
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The UK Government is set to introduce a UK AI Bill aimed at fostering innovation and addressing risks associated with frontier AI, while maintaining continuity with previous policies and aligning with international standards.
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The incoming Trump administration plans to reshape AI regulation in the US through a deregulatory framework focused on national security, particularly regarding China, while advancing legislation that prioritizes innovation and economic growth, potentially impacting existing safety measures and ethical considerations in AI development.
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The OECD emphasizes the need for robust regulatory frameworks prioritizing transparency, accountability, and inclusiveness in AI practices, while addressing policy concerns related to data protection, privacy, and the risks associated with generative AI across various jurisdictions, including initiatives from the EU, UK, Brazil, and Australia.
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The Consumer Financial Protection Bureau (CFPB) issued a circular on October 24, 2024, clarifying that the Fair Credit Reporting Act (FCRA) applies to workplace tracking practices involving artificial intelligence, emphasizing compliance obligations for employers and technology providers regarding employee monitoring and data usage.
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UK regulatory bodies, including the ICO, CMA, Ofcom, and FCA, are developing comprehensive frameworks for AI governance through the Digital Regulation Cooperation Forum, focusing on transparency, accountability, and compliance across various sectors.
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The European Commission’s Artificial Intelligence Office has initiated a multi-stakeholder consultation to gather input on future guidelines for defining AI systems and identifying prohibited practices under the EU AI Act, which is set to be implemented in phases starting February 2025.
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The Supreme Court of New South Wales, led by Chief Justice Andrew Bell, has introduced Practice Note SC GEN 23 to provide comprehensive guidelines for legal practitioners on the responsible use of generative artificial intelligence in court proceedings, emphasizing the need to maintain ethical standards and the integrity of the justice system.
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