Artificial intelligence (AI) continues to attract significant regulatory attention. Yet, in the absence of comprehensive federal AI legislation and amid a growing patchwork of state requirements, many financial institutions remain uncertain about how regulators expect them to identify, manage, and…
Artificial intelligence is changing how public companies operate, how investors analyze information, and how boards oversee emerging risks. What has not changed is the foundational…
Artificial intelligence continues to test legal frameworks written before modern generative AI existed. Companies utilizing AI need to pay close attention to how Court’s are interpreting and applying laws written before AI became mainstream in order to understand how it may affect them. In United…
Generative AI tools are increasingly used in connection with litigation. However, courts are only beginning to address how traditional privilege doctrines apply to these tools. Two decisions issued on the same day, February 10, 2026, present an issue of first impression: whether a litigant’s…
Effective January 1, 2026, amendments to the Illinois Human Rights Act (IHRA) impose strict transparency and accountability requirements on employers that use AI or who rely upon others who use AI in decisions to hire or fire employees. The requirements apply to any employer that has at least one…
On March 20, 2024, the White House Office of Management and Budget (“OMB”) issued a Memorandum on Advancing Governance, Innovation, and Risk Management for Agency Use of Artificial Intelligence (the “Memo”) to the heads of the executive departments of all federal departments and agencies. The Memo…
The U.S. Department of the Treasury recently released a comprehensive report on managing artificial intelligence (AI) specific cybersecurity risks within the financial services sector. The Report was issued as just one of the steps mandated by Executive Order 14110 on Safe, Secure, and Trustworthy…
Artificial Intelligence (AI) continues to grow apace despite deal activity dropping overall in 2023 in response to economic and market instability brought on by a combination of high interest rates, inflation volatility, and geopolitical tension. AI can provide innovative improvements to the M&A…
As discussed in our past alert, President Biden Issues Executive Order on Artificial Intelligence, President Biden issued an Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (“Executive Order”) on October 30, 2023. The Executive Order requires…
On October 30, President Biden issued his Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, along with a companion Fact Sheet issued by the White House. The Executive Order establishes the federal government’s priorities with respect to Artificial…
Recently, the Equal Employment Opportunity Commission (“EEOC”) issued a new publication on the impact of software, algorithms, and artificial intelligence (“AI”) in employers’ decisions on who to hire, fire, and promote (collectively “Selection Decisions”). Employers are increasingly using tools…
