By now, we all know what AI is. Some of us use ChatGPT as our search engine, confidant, secretary, travel agent, and much more. Others, at least, are acutely aware that AI exists, because everyone else is talking about it,...more
In 2023, we summarized the U.S. Department of Treasury report that raised concerns about the growing reliance of financial institutions (FIs) on cloud computing. Treasury highlighted structural imbalances and regulatory blind...more
Quantum computing (QC) is poised to disrupt cybersecurity in ways that business leaders and legal professionals cannot afford to ignore. But what exactly is quantum computing, why does it pose such a significant threat to...more
4/1/2025
/ Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Encryption ,
EU ,
National Security ,
NIST ,
Popular ,
Risk Management ,
Technology Sector
The AI Action Summit brought together a wide-ranging assembly of influential figures to discuss the future of artificial intelligence (AI) governance, risk mitigation and international cooperation. The attendees included...more
2/17/2025
/ Artificial Intelligence ,
China ,
EU ,
Innovative Technology ,
International Trade ,
Investment ,
Machine Learning ,
Regulatory Agenda ,
Risk Management ,
Sustainability ,
Technology Sector ,
UK
The White House is gathering industry feedback on AI governance, giving stakeholders an opportunity to shape future policy....more
2/14/2025
/ Artificial Intelligence ,
Cybersecurity ,
Data Privacy ,
Executive Orders ,
Innovative Technology ,
Machine Learning ,
National Security ,
Public Comment ,
Regulatory Agenda ,
Risk Management ,
Technology Sector
A recent code leak indicated that OpenAI is set to release its first true AI Agent. An AI agent is a system designed to perceive its environment, process information, and autonomously take actions to achieve specific goals....more
Imagine you’re an associate at a consulting firm. You’re surprised to see a new “AI Assist” button appear in your email application one morning. Without any training or guidance from your firm’s IT department, you decide to...more
As part of NIST’s recent mandate to formalize AI Testing set forth in President Joe Biden’s Executive Order on AI, NIST recently released a testbed called Dioptra that can be utilized to conduct evaluations to assess AI...more
Reliability, security, and legal compliance. These are assurances that customers purchasing technology products expect from their providers, and which are often required as part of the contracts for such products. AI...more
Since the release of OpenAI’s ChatGPT, the intense hype around large language models (LLMs) and complex AI systems has exploded. Organizations have rushed to both try and buy these new tools. Along with it, a flood of...more
3/25/2024
/ Artificial Intelligence ,
Best Practices ,
Competition ,
Contract Terms ,
Due Diligence ,
Information Technology Outsourcing ,
Machine Learning ,
Performance Standards ,
Risk Management ,
Technology Sector ,
Third-Party Service Provider ,
Vendor Contacts ,
Vendors
Innovation has historically been driven by companies in regulated industries—e.g., financial services and health care—and some of the most intriguing use cases for generative AI systems will likely transform these industries....more
Though the use of artificial intelligence has grown steadily during the past decade, the recent release of OpenAI’s generative AI system, ChatGPT, has led to a precipitous increase in attention and publicity accompanying the...more
In our previous post, we provided an introduction to the budding new technology of generative AI, or AI systems. As with the implementation of any new technology, widespread understanding of the risks generally lags behind...more
As if a global pandemic was not enough to trigger hypervigilance, cybercriminals have seized the COVID-19 crisis as an opportunity to exploit individuals’ and organizations’ cybersecurity vulnerabilities....more
In light of a recent Wipro data breach, Wipro’s customers should move quickly to take operational and contractual precautions to help minimize the breach’s potential effects on their organizations.
Wipro, the India-based...more