With great fanfare, and a Herculean final series of negotiating sessions stretching long into the night, political agreement on the EU AI Act was reached on 8th December 2023. This marked a big step closer to the first major piece of legislation regulating AI and its uses coming in

Continue Reading EU AI Act Update – Political Agreement Reached!

The Digital Regulation Cooperation Forum (“DRCF”) has issued a call for views on the benefits and risks of algorithmic processing uncovered in their research and set out their plan of action for the coming year.

Over the past year, DLA Piper has covered a number of developments in the area
Continue Reading UK digital watchdogs take aim at algorithms and online technologies in their plans for future regulatory collaboration

The world is currently in a state of unprecedented data availability. Within the financial sector, and indeed every other sector, organisations have found themselves with an abundance of data and information that they can use to better navigate the changing face of commerce. In many ways, this is incredibly helpful.
Continue Reading Financial Conduct Authority issues call for input on AI, synthetic data, and financial services innovation

Background

With the implementation of the Consumer Data Right (CDR) in the banking sector (known as ‘Open Banking’) well under way, the release of draft amendments to the CDR rules for the energy sector, and the continuing development of the framework for implementing the CDR in the telecommunications sector,
Continue Reading Consumer Data Right pipeline to cast a wide net

On 14 December of last year, as somewhat of an early Christmas present for those in the technology, artificial intelligence or dispute resolution space (and everything in between), BAILII (the British and Irish Legal Information Institute) agreed to provide access to Oxford University to conduct AI analysis on its central
Continue Reading BAILII grants Oxford University unprecedented access to case data for AI analysis in historic agreement