AI Trends For 2024 - Vendor Procurement Practices and Generative AI
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MoFo Tech brings together legal insights and in-depth analyses on trends and complex issues shaping the global technology industry, covering fields such as blockchain and distributed ledger, cloud and SaaS technologies, driverless cars, drones, FinTech, computer hardware and software, the IoT, semiconductors, and telecommunications.
- Vendor procurement practices will continue to evolve in 2024 to reflect corporate AI risk management and governance policies. While companies are beginning to appreciate that vendor work product may be developed using AI tools unless their contracts specify otherwise, they have not fully appreciated... ›
AI Trends For 2024 - AI: Product or Service? Product Liability in the Age of AI
By: Erin M. Bosman, Julie Y. Park and Ashley E. Quinn
Courts are increasingly being asked: is AI a product or a service? AI companies currently operate within an undefined products liability space. As companies continue to innovate with AI, courts must grapple with complicated questions in cases involving AI technologies. Traditional product liability cases... ›AI Trends For 2024 - U.S. State Consumer Privacy Laws’ Focus on Automated Decision-Making and Profiling
By: Marijn Storm and Marian A. Waldmann Agarwal
U.S. state legislatures will continue integrating requirements for profiling and automated decision-making into consumer privacy laws, reflecting the growing impact and influence of AI. All comprehensive state consumer privacy laws that are currently in effect (California, Colorado, Connecticut, and Virginia) and almost all of... ›AI Trends For 2024 - U.S. Laws Will Focus on the Use of AI in Hiring
By: Marijn Storm and Marian A. Waldmann Agarwal
As the use of AI in hiring and employment practices grows, U.S. states are increasingly regulating such use. Currently, Illinois, Maryland, and New York City require employers to inform applicants about, and obtain their consent for, the use of AI during the hiring process.... ›AI Trends For 2024 - Privacy Regulators Will Increase Scrutiny of Data Collection for AI Training
By: Marijn Storm, Alex van der Wolk, Marian A. Waldmann Agarwal and Carson Martinez
Privacy regulators, including the EU data protection authorities (EU DPAs), are expected to increase their scrutiny of data scraping to train AI algorithms. Data scraping involves the collection of large amounts of publicly available information, which may trigger obligations under privacy laws. While data scraping... ›AI Trends For 2024 - EU DPAs Will Apply Requirements of the EU AI Act
By: Marijn Storm, Alex van der Wolk, Marian A. Waldmann Agarwal and Carson Martinez
EU data protection authorities (DPAs) will likely start enforcing the requirements of the EU AI Act, the world’s first comprehensive AI regulation, despite the Act likely not entering into full force until 2026. The AI Act is designed to apply in addition to the... ›AI Executive Order – Patent Issues
By: Tessa Schwartz, Joshua A. Crawford and Anna Yuan
President Biden’s Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence was issued on November 1, 2023, and has made waves throughout the AI industry. Morrison Foerster has been reviewing the executive order (EO) and considering its impact in... ›What's the Forecast for Tech M&A?
Morrison Foerster is pleased to share with our clients and friends the results of our 2023 Tech M&A Survey, published in conjunction with Mergermarket. Mergermarket surveyed 300 dealmakers from around the world in order to gain valuable insights into the future of technology-related M&A.... ›Top 10 Considerations in Licensing Cleantech Innovations
By: Matthew A. Ferry, Anita Choi and Emily Jane Roberts Ph.D.
Introduction Spurred by both planetary and economic needs, the industry commonly referred to as “cleantech”—short for “clean technology”—has been on the rise. Current estimates predict clean energy technologies could dominate oil and gas by as early as 2030 ( Global cleantech market size by country... ›High Walls and Small Gardens: Biden Administration Unveils Outbound Investment Screening
By: James M. Brower, Brandon L. Van Grack, Charles L. Capito and Joseph A. Benkert
On August 9, 2023, President Biden issued a long-anticipated executive order (EO) to address investments by U.S. persons in companies that engage with certain categories of technology and products located in the People’s Republic of China. Read our client alert.... ›