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Sidley AI Monitor
AI is requiring executives, directors, in-house counsel, investors, and regulators worldwide to confront a rapidly evolving list of questions across different areas of law, and they are hungry for the latest information to help guide them in their most important decisions. That is why Sidley has launched the AI Monitor, a centralized resource of content related to AI including Sidley thought leadership, the latest laws and regulations, and access to our AI lawyers.
What's New
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EventsKey Issues in AI Webinar SeriesJuly 16, 2024
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DevelopmentsOn June 26, 2024, the Organization for Economic Cooperation and Development released White Paper No. 22 ("AI, Data Governance and Privacy: Synergies and Areas of International Co-operation").June 26, 2024
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DevelopmentsOn June 25, 2024, the Bank for International Settlements (BIS) released Chapter III of the BIS Annual Economic Report 2024 ("Artificial intelligence and the economy: implications for central banks").June 25, 2024
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DevelopmentsOn June 24, 2024, the U.S. Department of Homeland Security released a report detailing its efforts to reduce the risks at the intersection of AI and chemical, biological, radiological, and nuclear threats and offering recommendations to mitigate potential threats to national security in the training, deployment, publication, and use of AI models and associated data. The report was finalized in April 2024.June 24, 2024
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DevelopmentsOn June 20 2024, the U.S. Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Housing Finance Agency approved a final rule to implement the quality control standards mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act for the use of automated valuation models by mortgage originators and secondary market issuers in determining the collateral worth of a mortgage secured by a consumer’s principal dwelling.June 24, 2024
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DevelopmentsOn June 21, 2024, the Australian Department of Finance released the National Framework for the Assurance of Artificial Intelligence in Government.June 21, 2024
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DevelopmentsOn June 20, 2024, Taiwan's Financial Supervisory Commission released Guidelines for the Use of AI in the Financial Industry.June 20, 2024
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DevelopmentsThe Global Center for AI Governance recently released the first edition of the Global Index on Responsible AI, a "multidimensional tool measuring progress towards responsible AI in 138 countries."June 13, 2024
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DevelopmentsOn June 11, 2024, Hong Kong's Office of the Privacy Commissioner for Personal Data published guidance (titled "Artificial Intelligence: Model Personal Data Protection Framework") to "enhance the level of AI governance within enterprises and ensure the proper use of the technology."June 11, 2024
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DevelopmentsOn June 7, 2024, France's Commission Nationale de l'Informatique et des Libertes published its first set of recommendations (in the form of "how-to sheets") on the development of artificial intelligence systems and the creation of datasets used for their training, when they involve personal data.June 7, 2024
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DevelopmentsOn June 3, 2024, the FDA's Division of Drug Information released its "Q&A with FDA" conversation with Dr. Khair ElZarrad, Director of the Office of Medical Policy within FDA’s Center for Drug Evaluation and Research, regarding recent advances and use of technology in clinical trial design.June 3, 2024
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Sidley Thought Leadership2024 Outlook: AI and Digital Health Trends
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DevelopmentsOn May 21, 2024, the UK and Republic of Korea governments announced that the following organizations have agreed to the Frontier AI Safety Commitments: (1) Amazon; (2) Anthropic; (3) Cohere; (4) Google; (5) G42; (6) IBM; (7) Inflection AI; (8) Meta; (9) Microsoft; (10) Mistral AI; (11) Naver; (12) OpenAI; (13) Samsung Electronics; (14) Technology Innovation Institute; (15) xAI; and (16) Zhipu.ai.May 21, 2024
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DevelopmentsOn May 21, 2024, the UK Department for Science, Innovation & Technology released the Seoul Statement of Intent toward International Cooperation on AI Safety Science.May 21, 2024
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On May 21, 2024, the interim publication of the first International Scientific Report on the Safety of Advanced AI was released.May 21, 2024 Developments
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DevelopmentsOn May 21, 2024, the Council of the European Union approved the EU Artificial Intelligence Act. After being signed by the presidents of the European Parliament and of the Council, the EU AI Act will be published in the EU’s Official Journal and enter into force twenty days after publication.May 21, 2024
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DevelopmentsOn May 16, 2024, the United States Department of Labor released the Artificial Intelligence and Worker Well-being: Principles for Developers and Employers.May 16, 2024
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DevelopmentsOn May 15, 2024, the United States Senate AI Working Group released a roadmap for the development of legislation on artificial intelligence.May 15, 2024
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DevelopmentsOn May 8, 2024, the Colorado House passed legislation with amendments (S.B. 24-205) concerning consumer protections in interactions with artificial intelligence systems. The Senate concurred and repassed the bill with amendments.May 8, 2024
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PublicationsTop 10 Questions on the EU AI ActApril 2024
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DevelopmentsBiden-Harris Administration Announces Key AI Actions 180 Days Following President Biden’s Landmark Executive OrderApril 29, 2024
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DevelopmentsOn April 15, 2024, the U.S. Cybersecurity and Infrastructure Security Agency announced the publication of Joint Guidance on Deploying AI Systems Securely, in collaboration with organizations including the U.S. National Security Agency's Artificial Intelligence Security Center, the U.S. Federal Bureau of Investigation, the Australian Signals Directorate's Cyber Security Centre, the Canadian Centre for Cyber Security, the New Zealand National Cyber Security Centre, and the UK National Cyber Security Centre.April 15, 2024
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DevelopmentsOn April 15, 2024, Gurbir S. Grewal, the Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), provided remarks at the Program on Corporate Compliance and Enforcement Spring Conference 2024, indicating that AI-washing is one of the SEC's highest enforcement priorities.April 15, 2024
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BlogsEU Formally Adopts World’s First AI LawMarch 21, 2024 Data Matters
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Sidley UpdatesWhistleblowers Wanted: U.S. DOJ Announces New Whistleblower Rewards ProgramMarch 13, 2024 White Collar Defense and Investigations Update
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Sidley UpdatesArtificial Intelligence: Key Business and Legal Issues to ConsiderSeptember 19, 2023 | Updated May 4, 2024
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