The European Commission’s AI Office is hosting a series of events under the AI Pact initiative to help businesses understand and comply with the forthcoming AI Act, focusing on obligations for AI system providers and deployers, particularly regarding high-risk AI systems and General Purpose AI models.
The New York Times is engaged in a copyright lawsuit against OpenAI and Microsoft, alleging unlawful use of its articles for AI training, raising significant fair use and copyright law issues in the digital age.
OpenAI is being sued by a coalition of five major Canadian media organizations for allegedly scraping their copyrighted content without permission to develop its AI products, raising significant questions about copyright law and fair use in the context of artificial intelligence.
A recent report reveals that only 10% of law firms and 21% of corporate legal teams have established formal policies for the use of generative AI, despite widespread recognition of its potential and significant concerns regarding ethics, security, and the need for regulation within the legal sector.
The Bank of England and the Financial Conduct Authority are preparing for regulatory initiatives in 2025 to address the rapid adoption of AI in the financial services sector, focusing on governance frameworks, accountability, and the management of associated risks such as cybersecurity and algorithmic bias.
The Hong Kong Securities and Futures Commission has released comprehensive guidelines for licensed corporations to ensure responsible use of generative AI language models, focusing on cybersecurity risks and compliance for high-risk applications such as investment recommendations.
