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Regulators Want AI Companies to Respect Antitrust and Consumer Protection Laws
Artificial intelligence (AI) has surged to the forefront of the corporate landscape as companies across all industries explore the ways in which AI can enhance their businesses. Whether looking to the meteoric rise of chip and cloud companies over the last year, or the mergers and acquisitions AI "gold rush," the hype surrounding AI seems to have no end.
However, the new era of AI technology has already ushered in competition concerns alongside consumer-protection fears. Accordingly, regulators and lawmakers — both domestic and globally — are taking note of the AI craze and are keen on ensuring that companies involved in AI are respecting both antitrust and consumer protection laws.
Rise of AI-Related Investigations and Litigation
On Jan. 25, 2024, the Federal Trade Commission (FTC) launched an antitrust inquiry scrutinizing the investments and partnerships of Alphabet, Microsoft and Amazon related to growing artificial intelligence startups OpenAI and Anthropic. (Press Release, FTC, "FTC Launches Inquiry Into Generative AI Investments and Partnerships" (Jan. 25, 2024)).
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?