Singapore proposes Governance Framework for Generative AI

February 04, 2024

On 16 January 2023, Singapore’s Infocomm Media Development Authority (IMDA), in collaboration with the AI Verify Foundation, announced a public consultation on its draft Model AI Governance Framework for Generative AI (Draft GenAI Governance Framework), showing the areas where future policy interventions relating to generative AI may take place and options for such intervention.

NYDFS issues significant guidance on insurers using AI or external data

February 02, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

The Metaverse: A new dimension for legal services

December 22, 2023

After having created and shared the virtual reality (VR) experience several times now with clients during our events with Arthur Technologies, I am so excited about the potential that the Metaverse holds for transforming our industry.

Managing AI risks and legal implications, effective cybersecurity, ensuring privacy and the integrity of organizational records

December 21, 2023

In a world where generative AI is driving innovation and technology is outpacing legislation, there’s a lot for companies to consider to maintain operational effectiveness and minimize risk.

The UK CMA’s AI Foundation Models Initial Report

December 13, 2023

The CMA’s Initial Report (Report), published on 18 September 2023, considers three levels of the AI Foundation Model (FM) value chain (although it focuses predominantly on the first two levels).

The Power of AI: How is artificial intelligence transforming financial services?

December 13, 2023

We have published a new global report, The Power of AI: How is artificial intelligence transforming financing services, which features responses from a cross-section of financial services clients surveyed around the world in relation to the use of artificial intelligence (AI) or machine learning (ML) solutions.

The EU’s AI Act: the position is agreed

December 12, 2023

In the early hours of the morning of Saturday 9 December 2023, the European Parliament (the Parliament) and the Council of the EU (the Council) reached an agreement on the outstanding points on the EU’s Regulation on artificial intelligence (AI Act).

Artificial Intelligence (Regulation) Bill: UK Private Members’ Bill underscores wide-spread regulatory concerns

November 27, 2023

A Private Members’ Bill, the Artificial Intelligence (Regulation) Bill (the Bill), has been introduced into House of Lords (the UK’s upper House of the UK Parliament) and is currently at the second Parliamentary stage.

President Biden issues sweeping artificial intelligence directives targeting safety, security and trust

November 09, 2023

On October 30, 2023, after recognizing that Artificial Intelligence (AI) is the most consequential technology of our time and anticipating that it will accelerate more technological change in the next five to ten years than witnessed in the past fifty, President Biden issued an Executive Order directing actions to establish new AI standards.

International agreement on AI safety: Imran Ahmad comments on Bletchley Declaration

November 07, 2023

Artificial intelligence (AI) has the potential to fundamentally change business processes, and also have a significant impact on human well-being.