[Modified version originally published as International Insights Article: Privacy implications for organizations using generative AI, by Lily Li, on OneTrust DataGuidance, June 2023.] Well, the cat is out of the bag – or at least the chat is. Generative AI and
[Although the rise of generative AI and large language models may seem novel, regulation of chatbots extends back years. To demonstrate, here is an article originally published by Metaverse Law’s founder and president, Lily Li, in the Spring 2017 Orange County
Near the end of 2022, generative AI models became something of a sensation. Art-based models like Midjourney, DALL-E, and Stable Diffusion threw the art world into a panic, prompting companies to ban AI-generated art.[1] Models like ChatGPT—and its underlying GPT-3.5 and
On January 26, 2023, the National Institute of Standards and Technology (NIST) released the first version of the Artificial Intelligence Risk Management Framework (AI RMF).[1] The AI RMF is a voluntary resource meant to help organizations “manage the many risks of
On April 21, 2021, the European Commission proposed the Artificial Intelligence Act (AIA), a regulatory and legal framework for artificial intelligence systems.[1] On December 5, 2022, the Council of the European Union adopted its general approach to the AIA, which incorporated
[Updated: August 3, 2023] For many of us, Artificial Intelligence (“AI”) represents innovation, opportunities, and potential value to society. For data protection professionals, however, AI also represents a range of risks involved in the use of technologies that shift processing of
In 2021, the global artificial intelligence (AI) market was estimated to value between USD 59.7 billion and USD 93.5 billion. Going forward, it is expected to expand at a compound annual growth rate of 39.4% to reach USD 422.37 billion by 2028. However, as financial
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