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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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MLF BONUS CONTENT: Marketing Predictions and Trends In 2025
Our friends at Edge Marketing are ending the year by sharing their predictions for 2025. From the continued evolution of generative AI and its many uses to an increase in multimedia and hypertargeting, these are some of the key factors that will guide legal marketing strategies in the new year.
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As organizations enhance their e-discovery processes and infrastructure, the expectation to leverage technology to maximize service delivery increases. However, legal professionals must balance innovation with humanity.
Supreme Court Hears Arguments In Corporate Trademark Infringement Remedy Calculation Case
The business-law issue of whether and when a corporate defendant is considered distinct from its affiliated entities emerged on December 11 at the U.S. Supreme Court, with the justices confronting whether a non-defendant’s affiliate’s revenue can be part of a judge’s calculation of the monetary remedy for the corporate defendant’s infringement of a trademark.
Navigating AI Risks: Best Practices for Compliance and Security
The most forward-thinking companies embrace AI with complete confidence because they have created governance programs that serve as guardrails for this incredible new technology. Effective governance ensures AI consistently aligns with an organization’s best interests, safeguarding against potential risks while unlocking its full potential.
What Will 2025 Bring for Legal Tech
It’s time for our annual poll of experts on what they expect 2025 to bring in legal tech, including generative AI (of course), e-discovery, and more.