Artificial intelligence has become one of the most transformative forces in modern finance, reshaping how investment firms operate, analyze data, and interact with clients. AI is no longer a futuristic concept but rather a...more
On January 13, 2025, the United Kingdom’s Prime Minister Sir Keir Starmer announced the UK AI Opportunities Action Plan. The AI Opportunities Action Plan outlines the UK’s intentions to become a world leader in artificial...more
On January 8, 2025, partners Doneld Shelkey, Mike Pierides, and Marina Aronchik presented an Outsourcing and Technology 2025 webinar as part of the Morgan Lewis Tech & Sourcing Webinar Series: Data 2025....more
The European Union’s new AI Act (the Act) went into efect on 1 August 2024. The Act is the first-ever comprehensive law focused on artifcial intelligence and machine learning (collectively, AI). The Act impacts many...more
It’s no surprise that AI is dominating the news cycle. One would be hard pressed to find another trend that has so quickly woven itself into the fabric of legal documents. We are seeing service agreement riders, diligence...more
Industry analysts are predicting significant increases in information technology (IT) and outsourcing spending in 2024, with some predictions being in the double digits. Surges in artificial intelligence (AI) use case...more
After lengthy negotiations, representatives of the EU Council, European Parliament, and European Commission have reached a compromise in principle on rules for the use of artificial intelligence (AI), ushering in new...more
The United Kingdom (UK) government on September 22 launched the country’s first National Artificial Intelligence (AI) Strategy to build on the UK’s strengths in the area and maximize new AI opportunities....more
Bias in AI can result from assumptions in the machine learning process, or as a result of data that is imbalanced or incomplete and does not reflect a true representation of the relevant population. Examples of such skewed...more