In June 2024, the European Union adopted the AI Act (AIA), its first comprehensive legal instrument in this field. Notwithstanding the undoubted importance of the very adoption of this act, it is much less cert
Any regulation on AI should be heavily informed by applications and use cases. An attempt to create a top-down preamptive regulatory framework would likely jeopardize innovative opportunities. The EU’s regulatory framework should facilitate a culture of utilizing and understanding t...
specifically the General Data Protection Regulation (GDPR), which includes provisions applicable to products and services using AI technologies such that companies must consider the GDPR when using AI systems to collect or process personal data of individuals located in the EU and EEA....
Regulation that unfairly burdens young, innovative companies puts this spirit of innovation in jeopardy.” The companies also called for the EU to form a regulatory body of experts within the AI industry to monitor how the AI Act can be applied as the technology continues to develop. “It is...
on regulating the use of AI and combating the spread of deepfake content, tech companies face heightened scrutiny and the prospect of stricter enforcement measures. The outcome of this investigation could shape the future of A...
New Brazilian Laws on Choice of Forum May Have an Impact on Transnational Reinsurance Disputes Two new Brazilian Laws, No. 14,879/2024 and No. 15,040/2024, have introduced significant changes that together may affect the choice of law and… ...
increasing, as large internet platforms continue to push into more industries and leverage their network scale. Europe is already considered a leading actor on data governance and privacy protection, with the 2018General Data Privacy Regulation(GDPR) and, most recently, legislation on the free flow ...
the world to forge a lead in dynamic new growth arenas such as AI and clean tech. Other economies are already designing and implementing policies to attract investment and spur innovation in these areas. To keep up, Europe may need to revisit its stance on funding, regulation, and ...
The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. Th...
The regulatory framework, which classifies AI uses by risk and increases regulation on higher risk levels, was first proposed in 2021. The riskiest uses for AI are banned. According to the law, those include systems that exploit specific vulnerable groups, biometric identification systems for law...