Tag: artificial intelligence
CFPB Announces Plans to Extend FCRA to Data Brokers through Rulemaking
At an August 15, 2023, White House roundtable, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced plans to issue rules that would extend the Fair Credit Reporting Act (FCRA) to certain “data broker practices.” This announcement and a concurrently issued fact sheet come on the heels of a March […]
China Issues Measures on Generative Artificial Intelligence Services
On July 13, 2023, the Cyberspace Administration of China (CAC) and six other Chinese government agencies jointly released the final version of the Interim Administrative Measures for Generative Artificial Intelligence Services (see the Chinese version here). These measures will enter into force on August 15, 2023. For background, the CAC […]
One Step Closer to a European Law Regulating Artificial Intelligence
On 14 June 2023, the European Parliament adopted its negotiating position on the Artificial Intelligence (AI) Act. The European Parliament’s vote on the AI Act proposal marks a significant milestone toward the regulation of AI within the European Union, as it sets the baseline for inter-institutional negotiations, as further discussed […]
EU’s Artificial Intelligence Regulation – Tough Tests for Smart Products
EU proposal extends product safety, data protection and cybersecurity concepts to groundbreaking AI regulation What has happened? The European Commission has finally published its much-anticipated proposal for a broad regulation to cover the use of artificial intelligence in the EU. This is a world-first – no other jurisdiction has yet […]
AI and Algorithms: FTC Issues Guidance for Companies Amid Heightened Scrutiny
Even before the COVID-19 crisis, artificial intelligence and algorithms, particularly in the context of pricing, were a focus of the Federal Trade Commission and the Department of Justice’s Antitrust Division. With the COVID-19 pandemic shining a spotlight on online platforms and sellers using algorithms to set prices, it is particularly […]