White House: Fight AI-Enabled Sexual Abuse

In a new call to action, the Biden administration is urging technology companies and other stakeholders to take voluntary measures to curb the rapidly growing issue of image-based sexual abuse, including abusive content generated using artificial intelligence. Recognizing that this form of gender-based violence disproportionately harms women, girls and LGBTQI+ people, the White House is … Read more

AI and Pharma

Artificial Intelligence is poised to transform the pharmaceutical industry in profound ways. From the earliest stages of drug discovery to post-market surveillance, AI offers powerful tools and capabilities that can streamline processes, uncover novel insights and ultimately accelerate the development of safer and more effective medications. One of the most promising applications of AI in … Read more

AI and Targeted Advertising

Leveraging AI for targeted advertising is a powerful tool for small businesses to maximize their marketing impact and reach the right audiences. However, as exciting as this technology is, it must be implemented responsibly and with a strong emphasis on protecting consumer privacy and data rights. Striking the right balance is crucial for building trust … Read more

Small AI Startups Can Slay Giants

As a small startup in the world of artificial intelligence, the landscape can seem daunting. You’re going up against tech titans – deep-pocketed companies with thousands of engineers, unprecedented computing power, and a brand presence that dwarfs yours. How can a modern-day David possibly take on these Goliaths of AI? The answer lies in being … Read more

Another Suit on AI Use of Copyrighted News

A new front has opened up in the ongoing battle between tech giants and content creators. Eight major daily newspapers owned by Alden Global Capital have sued OpenAI and Microsoft, accusing the tech behemoths of illegally using millions of copyrighted news articles to train their AI chatbots, including the ChatGPT and Microsoft’s Copilot. The lawsuit, … Read more

AI is the New Nuclear

In the 20th century, nuclear technology was developed with the hopes of tapping into a powerful new energy source. However, its potential for catastrophic destruction as a weapon of mass destruction was realized with the atomic bombings of Hiroshima and Nagasaki during World War II, devastating the cities and causing immense loss of life. Despite … Read more

AI and Hiring

As the adoption of artificial intelligence continues to grow, its applications in the hiring process have garnered significant attention. While AI promises increased efficiency and objectivity, it’s crucial to recognize the potential pitfalls and drawbacks that come with relying too heavily on this technology. In this blog post, we’ll look at the disadvantages of using … Read more

AI Governance Policy for US Agencies

On March 28, 2024, the White House moved to ensure the responsible development and use of artificial intelligence across the federal government. Vice President Kamala Harris announced the Office of Management and Budget issuance of the first-ever government-wide policy framework to mitigate the risks and harness the benefits of AI systems deployed by federal agencies. … Read more

AI in Legal Writing: Hallucinations and other Risks

Artificial intelligence (AI) has been making inroads into various industries and the legal field is no exception. With the advent of powerful language models like ChatGPT, the prospect of using AI to assist in drafting legal briefs is a tantalizing possibility. However, as with any new technology, there are significant risks associated with the use … Read more

SEC Cracks Down on “AI Washing” by Investment Advisers

The Securities and Exchange Commission is taking aim at investment advisory firms that mislead investors about their use of artificial intelligence. In an enforcement action announced today, the SEC charged two firms – Delphia (USA) Inc. and Global Predictions Inc. – with making false and misleading statements about incorporating AI into their investment processes. From … Read more

AI Assistance in Managing NFTs

AI can play a crucial role in managing and organizing NFT portfolios and collections. As the NFT market grows, many investors and collectors may find themselves holding NFTs across different platforms and blockchains. Keeping track of all these assets, their values, ownership details and other relevant information can become increasingly challenging without the aid of … Read more

AI and Legal Fees

A federal judge harshly criticized a law firm’s attempt to use ChatGPT to help estimate its legal fees in a case against New York City. The Cuddy Law Firm, which specializes in special education cases, cited ChatGPT’s feedback as a “cross-check” to support its request for over $113,000 in fees after successfully representing a student … Read more

Using AI to Manage the Corporate Transparency Act

The use of AI can provide significant benefits for the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) in managing the Corporate Transparency Act (CTA). However, there are potential dangers and risks that need to be carefully addressed. AI models can perpetuate or amplify existing biases in the training data, leading to discriminatory outcomes or … Read more

Artificial Intelligence and Private Equity

The best and worst uses by private equity firms of AI depend on how effectively the firms leverage AI technologies to achieve their goals while considering potential risks and—I am hopeful—ethical considerations. Best Use Worst Use The best use of AI by private equity firms involves leveraging AI technologies to enhance investment decision-making, operational efficiency, … Read more

Alleged Fraud by AI Company

Innodata Inc. is an American company, headquartered in New Jersey, that provides business process, technology and consulting services. A class action lawsuit has been brought against Innodata alleging securities fraud related to misrepresentation of the company’s AI technology and business prospects. The plaintiffs claim that between May 9, 2019, and February 14, 2024, the defendants … Read more

AI: Automating M&A Document Review

AI can automate various aspects of the due diligence process, such as document review, redlining, and contract summarization. By automating routine tasks, AI frees up M&A professionals to focus on higher-value activities, such as strategic analysis and negotiation. I give more particulars below after the video. By automating routine tasks and leveraging AI-driven analytics, M&A … Read more