OpenAI and Microsoft are embroiled in a copyright infringement lawsuit filed by The New York Times in the US District Court for the Southern District of New York, alleging unauthorized use of its copyrighted articles for AI model training, which raises significant legal questions about fair use and the implications for AI development.
The revised Product Liability Directive (EU) 2024/2853 introduces strict liability for producers of digital and AI-based products, eases the burden of proof for consumers, and broadens the definition of liability to include a wider range of parties and product types, effective December 9, 2024.
The European Data Protection Board’s Opinion 28/2024 clarifies the application of the EU General Data Protection Regulation to personal data processing in AI development, emphasizing transparency, accountability, and the necessity of robust anonymization measures.
The UK Government has initiated an open consultation to explore the intersection of copyright law and artificial intelligence, focusing on a proposed exception for text and data mining for commercial AI training, while seeking to balance the interests of creators and AI developers.
The US Commodity Futures Trading Commission (CFTC) has released an advisory emphasizing compliance with existing regulations for AI use in the derivatives trade lifecycle, guiding regulated entities in managing AI-related risks without introducing new rules.
Hong Kong’s financial regulators advocate for a dual-track strategy to integrate artificial intelligence in the financial services sector, emphasizing the need for robust governance, data privacy, cybersecurity, and compliance with new regulations to mitigate associated risks.
