Texas Legislature Considering Sweeping AI Bill – Impact on Insurance Industry
Virtually every major industry has seen the proliferation of artificial intelligence systems in recent years. Despite a lack of comprehensive legislation at the federal level, over thirty states have enacted regulations or restrictions on the use and development of artificial intelligence (“AI”)…
FinCEN Warns Financial Institutions of Fraud Schemes Arising from Deepfake Media Using Generative Artificial Intelligence
November 13, 2024
by Anton L. Janik, Jr.
Today the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert to help financial institutions identify fraud schemes relying in part on the use of deepfake media created through generative artificial intelligence (GenAI). FinCEN specifically notes seeing “an…
Adopting Generative AI? Key Contract Considerations for Healthy Due Diligence
August 26, 2024
by Devin R. Bates
As generative AI continues to be a hot topic in board rooms and an unavoidable reality on the front lines of business, leaders must make informed decisions when choosing AI vendors. The integration of AI into your operations can offer substantial benefits, but it also introduces unique risks and…
Must a Lawyer Disclose Generative AI Use to Their Client? It Depends, but the Answer is Getting Clearer.
August 9, 2024
by Devin R. Bates
In a recently published ABA ethics opinion, the American Bar Association takes the position that a lawyer “must consider” whether they have a duty to disclose GAI use to their client, and concludes that lawyers “may tell clients how they employ GAI tools.” The opinion acknowledges that “[t]he facts…
ABA Addresses Lawyer Generative AI Use: Key Takeaways from ABA's Latest Ethics Opinion
August 5, 2024
by Devin R. Bates
The American Bar Association (“ABA”) recently issued Formal Opinion 512, providing essential guidance for lawyers and law firms using Generative AI (“GAI”) tools. As we have written about previously, when lawyers employ GAI tools we must do so with ethics at the forefront. As technology continues…