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Top Competition Enforcers in the US, EU, and UK Release Joint Statement on AI Competition – AI: The Washington Report
August 2, 2024 | | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Matthew Tikhonovsky
Read about the joint statement on competition in generative AI foundation models and AI products in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Bipartisan Group of Senators Introduce Bill to Address AI Deepfakes and Protect Intellectual Property – AI: The Washington Report
July 17, 2024 | | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Matthew Tikhonovsky
Read about a bill introduced by a bipartisan group of senators to address AI deepfakes and protect intellectual property in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Federal Agencies Continue to Take Action on AI Pursuant to AI EO — AI: The Washington Report
July 11, 2024 | | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Matthew Tikhonovsky
Read about two significant federal agency actions taken within 240 days of the issuance of President Biden’s executive order on artificial intelligence in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Six Agencies Finalize Rule on Safeguards for AI Real Estate Valuation Models — AI: The Washington Report
July 3, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Matthew Tikhonovsky
Read about a federal rule aimed at creating safeguards for automated valuation models (AVMs) in the real estate industry in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Treasury Proposes Rule to Limit Outbound Investments in AI and Other Technologies — AI: The Washington Report
June 28, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Matthew Tikhonovsky
Read about the Treasury Department’s final proposed rule to implement the Biden administration’s 2023 Executive Order on US investments in national security technologies and products in certain countries in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Colorado AI Systems Regulation: What Health Care Deployers and Developers Need to Know
June 27, 2024 | Blog | By Pat Ouellette
As the first state law to regulate the results of Artificial Intelligence System (AI System) use, Colorado’s SB24-205, “Concerning Consumer Protections in Interactions with Artificial Intelligence Systems” (the Act), has generated plenty of cross-industry interest, for good reason. In some ways similar to the risk-based approach taken by the European Union (EU) in the EU AI Act, the Act aims to regulate developers and deployers of AI Systems, which are defined by the Act as “any machine-based system that, for any explicit or implicit objective, infers from the inputs the system receives how to generate outputs, including content, decisions, predictions, or recommendations, that can influence physical or virtual environments.”
Implementing AI: Practical Steps for Advisers and Broker-Dealers Deploying AI Compliance Tools Amidst Regulatory Uncertainty
June 27, 2024 | Webinar
The two letters “AI” seem to be everywhere today. But what do people actually mean when they use them, particularly in the compliance context? More importantly, aside from adding the letters “AI” into marketing decks, how do current AI-powered technologies differ from similar technologies just a few years ago, how easy is it to implement AI, and what are the real-world benefits, and risks, of using AI tech?
Senators Introduce Bill for AI Procurement and Use by Federal Agencies — AI: The Washington Report
June 21, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Matthew Tikhonovsky
Read about the bill introduced by Senators for AI procurement and use by federal agencies
FTC and DOJ Divide Responsibility over AI Antitrust Oversight — AI: The Washington Report
June 13, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Raj Gambhir
Read about the FTC and the DOJ’s agreement to divide responsibility over AI oversight in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Senators Advance Three Election-Related AI Bills Out of Committee — AI: The Washington Report
June 6, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Raj Gambhir
Read about three bills concerning AI and elections that were advanced out of the Senate Rules and Administration Committee in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
NIST Invites AI Developers to Submit Models for Risk Assessment Testing — AI: The Washington Report
May 31, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Raj Gambhir
Read about the National Institute of Standards and Technology’s (NIST) Information Technology Laboratory’s new initiative to assess societal impacts of AI systems in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
CFTC Report Calls on Agency to Engage in Rulemaking on AI — AI: The Washington Report
May 20, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Raj Gambhir
Read about a recent Commodity Futures Trading Commission report concerning the risks posed by AI adoption in the derivatives market in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Federal Agencies Take Sweeping Action on AI in Accordance with AI EO — AI: The Washington Report (Part 2 of 2)
May 9, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Raj Gambhir
Read about a number of recently completed actions ordered to take place 180 days after the signing of President Joe Biden’s October 2023 executive order on AI in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Federal Agencies Take Sweeping Action on AI in Accordance with AI EO — AI: The Washington Report (Part 1 of 2)
May 2, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Raj Gambhir
Read about three recently completed actions ordered to take place 180 days after the signing of President Joe Biden’s October 2023 executive order on AI in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
ACA Section 1557 Final Rule: OCR Prohibits Discrimination Related to Use of Artificial Intelligence in Health Care
April 29, 2024 | Blog | By Pat Ouellette
Preventing discrimination and bias in connection with the use of artificial intelligence (AI) in health care is among the principal current focuses of U.S. Department of Health and Human Services (HHS) and was among the health care directives in the recent Biden Administration Executive Order on Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (Executive Order). Consistent with these priorities, on April 26, 2024, the HHS Office for Civil Rights (OCR) and the Centers for Medicare & Medicaid Services (CMS) released an unpublished version of a new final rule under Section 1557 of the Affordable Care Act (ACA) that aims to broadly address inequity across health care but also requires certain actions of entities covered under Section 1557 around their use of AI in clinical decision-making (Final Rule).
USPTO Issues Guidance on AI Use to Patent Professionals — AI: The Washington Report
April 22, 2024 | Article | By Terri Shieh-Newton, Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Raj Gambhir
Read about the USPTO’s recent guidance on the use of AI tools by practitioners in connection with matters before the agency in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Navigating Health Tech: Regulations for AI/ML in Medical Devices and Software
April 16, 2024 | Video | By Benjamin Zegarelli, Pat Ouellette
OMB Issues Guidance to Federal Agencies on the Use of Artificial Intelligence — AI: The Washington Report
April 9, 2024 | Article | By Bruce Sokler, Alexander Hecht, Christian Tamotsu Fjeld, Raj Gambhir
Read about the Office of Management and Budget’s memorandum on AI use for federal agencies in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
Treasury Department Warns Financial Institutions to Prepare for AI-Age Fraud — AI: The Washington Report
April 4, 2024 | Article | By David Adams, Bruce Sokler, Raj Gambhir
Read about the US Treasury Department’s report on how financial institutions and other industry stakeholders can prepare for and combat AI-age fraud in the latest edition of AI: The Washington Report, a joint undertaking of Mintz and ML Strategies covering potential federal legislative, executive, and regulatory activities related to AI.
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