DC Encompass’ Post

From October 15 to November 12, 2024, the Australian Treasury is seeking public feedback on whether the Australian Consumer Law (ACL) remains fit to protect consumers using Artificial Intelligence (AI) and to support the safe and responsible use of AI by businesses. Key Highlights: - The review aims to assess how existing consumer protection laws apply to AI-enabled goods and services. - It explores consumer remedies when things go wrong and how liability is allocated among manufacturers and suppliers. - The feedback will contribute to Australia’s broader consumer protection framework and help clarify and strengthen laws addressing AI-related risks. Interested parties can submit responses electronically or by post until November 12, 2024. Follow Global Regulatory Insights for more updates on AI regulations and consumer protection. #AI #ConsumerProtection #Australia #ACLLaw #ArtificialIntelligence #RegulatoryUpdates #GRI

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐑𝐨𝐮𝐥𝐞𝐭𝐭𝐞 𝘍𝘳𝘪𝘥𝘢𝘺’𝘴 𝘉𝘰𝘮𝘣𝘴𝘩𝘦𝘭𝘭: 𝘊𝘩𝘦𝘷𝘳𝘰𝘯 𝘋𝘦𝘧𝘦𝘳𝘦𝘯𝘤𝘦 𝘖𝘷𝘦𝘳𝘵𝘶𝘳𝘯𝘦𝘥, 𝘜𝘯𝘤𝘦𝘳𝘵𝘢𝘪𝘯𝘵𝘺 𝘈𝘩𝘦𝘢𝘥 𝘧𝘰𝘳 𝘈𝘐 𝘙𝘦𝘨𝘶𝘭𝘢𝘵𝘪𝘰𝘯 𝐂𝐨𝐮𝐫𝐭𝐬, 𝐧𝐨𝐭 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐚𝐠𝐞𝐧𝐜𝐢𝐞𝐬, 𝐧𝐨𝐰 𝐡𝐨𝐥𝐝 𝐬𝐰𝐚𝐲 𝐨𝐯𝐞𝐫 𝐚𝐦𝐛𝐢𝐠𝐮𝐨𝐮𝐬 𝐀𝐈 𝐥𝐚𝐰𝐬. This shift adds unpredictability and legal hurdles, potentially stalling new AI regulations. This change further complicates the regulatory landscape for AI firms, facing varied court interpretations and compliance challenges. Congress will need detailed AI laws to prevent confusion. With #AI companies gaining legal leverage, concerns arise over judges’ tech expertise. This cautious approach could delay clear AI regulations, leaving critical areas uncertain. Justice Elena Kagan did not mince words last year when describing the court’s lack of internet savvy, suggested that neither Congress nor the courts are fully up to the task of grappling with the technology. 
 “𝘊𝘰𝘯𝘨𝘳𝘦𝘴𝘴 𝘬𝘯𝘰𝘸𝘴 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦𝘳𝘦 𝘢𝘳𝘦 𝘨𝘰𝘪𝘯𝘨 𝘵𝘰 𝘣𝘦 𝘨𝘢𝘱𝘴 𝘣𝘦𝘤𝘢𝘶𝘴𝘦 𝘊𝘰𝘯𝘨𝘳𝘦𝘴𝘴 𝘤𝘢𝘯 𝘩𝘢𝘳𝘥𝘭𝘺 𝘴𝘦𝘦 𝘢 𝘸𝘦𝘦𝘬 𝘪𝘯 𝘵𝘩𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘸𝘪𝘵𝘩 𝘳𝘦𝘴𝘱𝘦𝘤𝘵 𝘵𝘰 𝘵𝘩𝘪𝘴 𝘴𝘶𝘣𝘫𝘦𝘤𝘵, 𝘭𝘦𝘵 𝘢𝘭𝘰𝘯𝘦 𝘢 𝘺𝘦𝘢𝘳 𝘰𝘳 𝘢 𝘥𝘦𝘤𝘢𝘥𝘦,” 𝘴𝘩𝘦 𝘴𝘢𝘪𝘥. 𝘛𝘩𝘦 𝘤𝘰𝘶𝘳𝘵, 𝘮𝘦𝘢𝘯𝘸𝘩𝘪𝘭𝘦, 𝘥𝘰𝘦𝘴𝘯’𝘵 “𝘦𝘷𝘦𝘯 𝘬𝘯𝘰𝘸 𝘸𝘩𝘢𝘵 𝘵𝘩𝘦 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯𝘴 𝘢𝘳𝘦 𝘢𝘣𝘰𝘶𝘵 𝘈𝘐, 𝘭𝘦𝘵 𝘢𝘭𝘰𝘯𝘦 𝘵𝘩𝘦 𝘢𝘯𝘴𝘸𝘦𝘳𝘴.” What can the tech industry do? 1. 𝐀𝐝𝐯𝐨𝐜𝐚𝐭𝐞 𝐟𝐨𝐫 𝐂𝐥𝐚𝐫𝐢𝐭𝐲: Champion clearer AI legislation to mitigate varied court interpretations. 2. 𝐒𝐭𝐚𝐲 𝐈𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐚𝐧𝐝 𝐀𝐝𝐚𝐩𝐭𝐢𝐯𝐞: Monitor legal developments to adjust compliance strategies promptly. 3. 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐓𝐞𝐜𝐡 𝐋𝐢𝐭𝐞𝐫𝐚𝐜𝐲 𝐢𝐧 𝐉𝐮𝐝𝐢𝐜𝐢𝐚𝐫𝐲: Promote initiatives to enhance judges' understanding of AI for informed rulings - education, initiatives, policy engagement, public-private partnerships. Stakeholders, buckle up. #AIRegulation #LegalTech #ChevronDeference #FutureofAI #TechPolicy #RegulatoryClarity #StakeholderAlert #CEO #CTO #CFO #CIO #TechLeadership #TechIndustry

Is your in-house legal team looking to navigate the challenges of the EU AI Act? Axiom’s Stefania Quintajè and Daniel Hayter (丹尼尔·海特) recently provided analysis for Bloomberg Law with key insights for general counsel contending with the EU AI Act. The article is linked at the end of this post. Here are the highlights: • Striking the Balance: Companies are being challenged by balancing innovation with strict regulatory requirements and need strategies to foster innovation while adhering to compliance demands. • Technical Complexity: The technical complexity of AI systems and their classification under the EU AI Act impacts compliance–and companies need to evaluate their internal AI expertise and where resources are needed. • Transparency and Accountability: The EU AI Act's transparency and accountability requirements can impact operations and companies should be able to understand and explain their AI systems to regulators. • Challenges for Small and Mid-tier Companies: Small and mid-tier companies are facing potential affordability challenges in the AI space, and there are approaches to help mitigate these challenges while ensuring compliance. • Embrace Opportunities for Innovation: Don't fear the changes, appreciate their value! Discover how the EU AI Act can drive innovation and establish a competitive edge while mitigating compliance and regulatory risks for your organization. You can read a full copy of Stefania’s and Daniel’s analysis on Bloomberg Law at: https://lnkd.in/gq7bGa_h    #LegalTech #GeneralCounsel #InHouseCounsel #AIRegulation #Compliance #LegalAI #AIRegulations #EUAI #EU 

What does the new AI Regulatory Landscape mean for the future of LegalTech? Maria Alexandra Papoutsi from Deloitte Legal KBVL Law Firm will lead an investigation of the implications of Europe's groundbreaking Artificial Intelligence Act (AIA) at the 7th World Legal Tech Summit on the 19th – 20th of September 2024 in Berlin, Germany. This comprehensive framework sets the global standard for responsible AI development, imposing stringent compliance requirements and hefty fines for non-compliance. Discover what legal tech companies must do now to avoid being banned from the European market in this essential session. Join us for a crucial two-day event to connect with top industry professionals, explore cutting-edge legal advancements, and develop strategies to propel your business forward. Learn more here: https://lnkd.in/eFVFY8BG #LegalTech2024 #LegalTech #LegalAI #LegalTechnology

Thank you Bloomberg Law for allowing us the opportunity to contribute this piece to your platform - a platform I know only too well! And thank you to Stefania Quintajè without whom this would not have been possible. #LegalOps #LegalTech #GeneralCounsel #InhouseCounsel #LegalAI #AI #AIAct #Compliance #AIRegulation

AI Act (Draft): " in line with its New Legislative Framework approach, should be without prejudice to existing Union law, notably on data protection, consumer protection, fundamental rights, employment, and protection of workers, and product safety, to which this Regulation is complementary. ..." In terms of principles and law hierarchy, Paragraph 5a of the consolidated draft of the AI Act is the focal point for me. Which is your opinion about this? #AI #AIAct #EULaw #AIRegulation

💡 AI isn’t coming. It’s already here. 📹 Peter Bolger, Partner, Head of Technology and Commercial, EY Law Ireland outlines key steps to ensure compliance with the EU AI Act. 🚀 It’s time to get beyond talk. It’s time for action: go.ey.com/3Z8LcnF #compliance #AIrisk #EUAIAct #ShapeTheFutureWithConfidence

New Webinar Alert! AI-Driven Legal Operations: What It Means For Your Business! → https://lnkd.in/gPmVuHGb Are you ready to surf the AI wave in the legal industry? Join us for an insightful webinar that will reshape your understanding of AI in legal operations! Date: 7 November 2024, Thursday Time: 2:00 PM - 3:00 PM (Hong Kong Standard Time) Gillian Kang LL.B, MBA 数位游牧 (Axiom), Brian W Tang (Asia-Pacific Legal Innovation & Technology Association (ALITA)), and David Daoud (HSBC) will guide you through: • Current AI initiatives and regulations in Hong Kong • AI's impact on personal data protection • Managing IP risks in AI systems • Practical AI applications for businesses • Essential AI skills for legal professionals Don't miss this opportunity to stay ahead in the AI-driven legal landscape. Register now to secure your spot! #LegalTech #AIinLaw #LegalOperations #Webinar

New Webinar Alert! AI-Driven Legal Operations: What It Means For Your Business! → https://lnkd.in/gGqEYQ-e Are you ready to surf the AI wave in the legal industry? Join us for an insightful webinar that will reshape your understanding of AI in legal operations! Date: 7 November 2024, Thursday Time: 2:00 PM - 3:00 PM (Hong Kong Standard Time) Gillian Kang (Axiom), Brian Tang (ALITA), and David Daoud (HSBCC Legal) will guide you through: • Current AI initiatives and regulations in Hong Kong • AI's impact on personal data protection • Managing IP risks in AI systems • Practical AI applications for businesses • Essential AI skills for legal professionals Don't miss this opportunity to stay ahead in the AI-driven legal landscape. Register now to secure your spot! #LegalTech #AIinLaw #LegalOperations #Webinar

New Webinar Alert! AI-Driven Legal Operations: What It Means For Your Business! → https://lnkd.in/gYJ2j-Wf Are you ready to surf the AI wave in the legal industry? Join us for an insightful webinar that will reshape your understanding of AI in legal operations! Date: 7 November 2024, Thursday Time: 2:00 PM - 3:00 PM (Hong Kong Standard Time) Gillian Kang (Axiom), Brian Tang (ALITA), and David Daoud (HSBCC Legal) will guide you through: • Current AI initiatives and regulations in Hong Kong • AI's impact on personal data protection • Managing IP risks in AI systems • Practical AI applications for businesses • Essential AI skills for legal professionals Don't miss this opportunity to stay ahead in the AI-driven legal landscape. Register now to secure your spot! #LegalTech #AIinLaw #LegalOperations #Webinar