The Office of the Controller of the Currency (OCC) issues a semiannual risk perspective report that “addresses key issues facing banks, focusing on those that pose threats to the safety and soundness of banks and their compliance with applicable laws and regulations.” The most recent report “presents data in five main areas: the operating environment
FTC and CPPA Release Rules to Address AI Risks and Protect Consumer Rights
The rise of AI technology has prompted regulatory agencies to take action and protect consumers’ rights, as evidenced by the recent efforts of the Federal Trade Commission (FTC) and the California Privacy Protection Agency (CPPA).
On November 16, 2023, the FTC approved a resolution that authorizes its staff to issue civil investigative demands (CIDs) in…
CISA Issues Roadmap for Artificial Intelligence
Following the White House’s Executive Order on AI, the Cybersecurity & Infrastructure Security Agency (CISA) issued its Roadmap for Artificial Intelligence this week “which is a whole-of-agency plan aligned with national AI strategy to address our efforts to: promote the beneficial uses of AI to enhance cybersecurity capabilities, ensure AI systems are protected from cyber-based…
The AI Executive Order and Antitrust Enforcement: An Uncertain Future
On October 30, 2023, President Biden issued the “Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence.” (AI EO). At 63 pages, the AI EO outlines a comprehensive framework for federal agencies to regulate all aspects of AI markets. Our team will continue to update you on portions of the…
40 Countries Including US Vow Not to Pay Ransomware
The United States joined 39 other countries this week in the International Counter Ransomware Initiative, an effort to stem the flow of ransom payments to cybercriminals. The initiative aims to eliminate criminals’ funding through better information sharing about ransom payment accounts. Member states will develop two information-sharing platforms, one created by Lithuania and another jointly…
White House Issues Executive Order on Artificial Intelligence
On October 30, 2023, the Biden Administration issued its “Executive Order on the Safe, Secure, and Trustworthy Development and use of Artificial Intelligence.” The EO outlines how Artificial Intelligence (AI) “holds extraordinary potential for both promise and peril.” As the Administration “places the highest urgency on governing the development and use of AI safely and…
FCC Proposes Probe into AI in Robocalls
Federal Communications Commission Chair Jessica Ronsenworcel recently announced a proposed directive to focus the FCC on AI’s burgeoning role in scam calls, particularly those targeting the elderly. The proposal will be presented at the November 15 commission meeting and would direct research into the strengths and weaknesses of generative AI, the role that AI plays…
Balancing AI with Human Ingenuity
The writers’ strike included the concern that artificial intelligence (AI) would put writers out of business. According to one writer, David Vuijsje, “[T]he creative industry stands at a crossroads where technology and human creativity must learn to coexist harmoniously.” He muses that provisions in the new agreement between Hollywood and its writers “sets a…
Web-Based Generative AI Tools Use Temporarily Prohibited by U.S. Space Force
According to Bloomberg and Reuters, as reported by MSN.com, the U.S. Space Force has “paused the use of web-based generative artificial intelligence (AI) tools like ChatGPT over data security concerns.”
In a memo issued to its workforce, Space Force has prohibited the use of web-based generative AI tools until approval is received by the…
Using AI to Replicate or Replace Human Creativity May Violate Intellectual Property Law
This week we are pleased to have a guest post by Robinson+Cole Artificial Intelligence Team patent agent Daniel J. Lass.
As artificial intelligence (AI) becomes better and more prevalent, people will increasingly use its computing power to supplement or replace human creativity. Film director Gareth Edwards attempted to do just that in his new…