Jordan Francis’ Post

This should help with at least two of the taxa in the EU's increasingly complex regulatory structures for the digital economy...

🍀 🌈 What questions should we ask my esteemed fellow panellists at this upcoming meeting? Comment below on what we might ask Pia Andrews and Jason Pentony, Joshua J Morley GAICD and Peter Fitzpatrick AO, AM (Mil), FSAE, GAICD, JP regarding revisions to Australian SOCI (Critical Infrastructure) laws? How comfortable are we feeling about the huge raft of local and EU AI compliance regulation? https://lnkd.in/gbesY-S8 Your thoughts?... 🍀 🌈

It's good to see the House Financial Services Committee looking at AI and its impact on the financial services industry on a bipartisan basis. Although House Financial Services Chairman Patrick McHenry (R-NC) is retiring at the end of the year, the legislation may help set the tone for the next Congress. It is also a way of ensuring that the House Financial Services Committee maintains jurisdiction over AI legislation impacting the financial services industry. U.S. House Committee on Financial Services - Chairwoman Maxine Waters

Join Steptoe partner Tod Cohen, of counsel Andy Golodny, and associate Evan Abrams, along with in-house counsel, executives, academics, and policymakers on Thursday, May 16, at 12:00 p.m. EDT, for the next installment of the AI, Data & Digital Roundtable series. This session will focus on US AI Regulation, including updates on the Executive Order, Congressional bills, and state AI laws. We'll also explore US National Security Issues related to AI.

Join Steptoe partner Tod Cohen, of counsel Andy Golodny, and associate Evan Abrams, along with in-house counsel, executives, academics, and policymakers on Thursday, May 16, at 12:00 p.m. EDT, for the next installment of the AI, Data & Digital Roundtable series. This session will focus on US AI Regulation, including updates on the Executive Order, Congressional bills, and state AI laws. We'll also explore US National Security Issues related to AI.

The EU Artificial Intelligence Act categorizes uses of AI by risk levels to safeguard public interests, ranging from minimal to unacceptable risk, aiming for responsible AI use. Violations could lead to fines up to €30 million or 6% of global income, highlighting the importance of compliance. The Act’s core objectives are to ensure AI's safety, transparency, and adherence to ethical standards, fostering trust and innovation within the EU. The link below sets this out in detail and our post from Koshima gives you more of the overview. If you are looking to understand how your org can take real business value from AI, reach out to us at Koshima. We guide Sales & Marketing, Operations and HR map how AI tools and customized AI applications directly aligned to their business goals, aspirations and help turn their challenges to opportunities in a compliant approach. https://lnkd.in/dMvS2DD6

On Sat., Sept. 28, California Gov. Gavin Newsom signed AB 1008 into law, which amends the CCPA's definition of "personal information". "Personal information" now can exist in "abstract digital formats," including "artificial intelligence systems that are capable of outputting personal information." The upshot? Under CCPA, information that exists in AI systems and can identify an individual is personal information, and should be included in the scope of responding to consumers seeking to exercising CCPA rights, such as access, deletion, correction, and opt out.

Since no one protested within 24 hours, I think the EU AI Act is being sent to Council for ministerial approval without a vote at the first available Council. We need to ask Dr. Laura Caroli for confirmation. Meanwhile, in this video lecture, Mr. Tobias Judin of the Norwegian DPA explained what we know about the AI regulation, what it will mean for us and artificial intelligence and how we need to work on this. See https://lnkd.in/eHuBd3R2.

Interested in learning more about the state consumer-focused AI laws that passed in 2024 and what to expect in 2025? On December 11, we will host a webinar discussing the AI laws passed last year in Colorado, California, Utah and Illinois, the draft CCPA ADMT regulations, and what we're hearing about the 2025 state legislative session. Click below for more information and to register.

Join Steptoe partner Tod Cohen, of counsel Andy Golodny, and associate Evan Abrams, along with in-house counsel, executives, academics, and policymakers on Thursday, May 16, at 12:00 p.m. EDT, for the next installment of the AI, Data & Digital Roundtable series. This session will focus on US AI Regulation, including updates on the Executive Order, Congressional bills, and state AI laws. We'll also explore US National Security Issues related to AI.