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ACC Artificial Intelligence Insights

By Association of Corporate Counsel

AI is changing legal departments and businesses. Check out ACC's curated selection of informative articles, sample forms and tools, online programs, and live events for in-house counsel.

Articles

NIST Issues New Artificial Intelligence Risk Management Framework

By Christopher Dodson (Cozen O'Connor)

The National Institute of Standards and Technology (NIST) recently released version 1.0 of its Artificial Intelligence Risk Management Framework. The framework identifies 6 factors for mitigating risk and evaluating the trustworthiness of an artificial intelligence (AI) system.

Articles

Quick Overview: The 8 Pillars of Biden’s Executive Order on Artificial Intelligence

President Joe Biden issued an executive order on Oct. 30, 2023 addressing the use of artificial intelligence by the government and employers.

Employers must take note that this action imposes new policies and affects civil rights issues and employment opportunities. This article provides an overview of the EO’s eight guiding principles. 

Articles

Artificial Intelligence Systems, Profiling, and the New U.S. State Privacy Laws

By Christopher Dodson (Cozen O'Connor)

The rapid spread of Artificial Intelligence (AI) systems in recent years has overlapped with the enactment of comprehensive privacy laws by U.S. states. Several of the comprehensive state privacy laws have provisions that specifically address certain uses of AI systems, in particular use in profiling.

This article surveys those provisions and assumes the reader is already familiar with basic concepts in the comprehensive privacy laws, such as controllership and applicability thresholds.

Articles

The march to regulatory change for artificial intelligence: the commonalities between the EU and US (Eversheds Sutherland)

By Eversheds Sutherland

The EU AI Act is hotly anticipated as being a benchmark AI law that other jurisdictions might look towards when developing their own laws (much like GDPR has become a standard upon which some other countries’ own laws are based). First, much like the GDPR in terms of impact, the EU AI Act will have an extra-territorial scope, extending to providers and users of AI outside the EU where the output is used in the EU. Secondly, the Act does lay down fixed penalties for certain infringements of the Act, the highest fine being 30,000,000 EUR or 6% of a company’s total worldwide annual turnover (3% in the case of an SME or start-up) for non-compliance with the prohibitions of AI practices.

Articles

Retraining the Acquisition Model: How to Approach the Risks and Rewards of Deals With Artificial Intelligence Targets

By Natasha Allen, David W. Kantaros, Shabbi S. Khan, Avi B. Ginsberg, Graham P. MacEwan

In recent years, companies specializing in artificial intelligence (AI) technologies have been increasingly coveted acquisition targets. Foley & Lardner have provided insight into the AI field transforming our approaches to key issues. Accordingly, it is no surprise that AI has emerged as a prime sector for M&A activity. This guide helps breakdown how to approach risks and rewards in dealing with the rising importance of Artificial Intelligence.

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