The European Securities and Markets Authority (ESMA) has issued guidance on the use of Artificial Intelligence in retail investment services to ensure firms comply with Markets in Financial Instruments Directive II (MiFID II) and prioritize clients’ best interests. According to the guidelines, despite variations in AI adoption across firms and Member States, AI’s potential impact on firm behavior and investor ...
A California Court in Los Angeles County has ruled that popular social media networks that teenagers use are not required to cover the costs that schools incur in addressing the negative effects of social media on students. This decision was delivered in a lawsuit filed by several school districts. The plaintiffs argued that social media use among teenagers has increased ...
The French Data Protection Authority (CNIL) has published final guidelines for developing AI systems with a strong focus on data protection. These guidelines are designed to support AI ecosystem players in complying with personal data protection legislation and offer practical solutions, illustrated with examples, for applying the rules of the GDPR to AI systems.
Essential elements of the guidelines include ...
The European Data Protection Board issued an opinion on facial recognition technologies at airports, highlighting that individuals have control over their biometric data. The opinion analyzes the use of biometric verification systems for the specific purpose of streamlining the passenger flow at airport security checkpoints, baggage drop-off, boarding, and access to passenger lounges.
The opinion considers four types of biometric ...
The Israeli Supreme Court delivered a landmark decision holding that operators of foreign (non-Israeli) websites and online services that take steps to target Israeli consumers, are likely to have their terms of service governed by Israeli law when they face disputes with Israeli consumers that allege violations of Israeli law, regardless of the choice of law clause in the terms ...
On June 7, 2024, the New York legislature passed the precedential Stop Addictive Feeds Exploitation for Kids Act, targeting the harmful effects of social media on children. The Governor of the State of New York subsequently signed the Act into law on June 21, 2024. The law aims to protect children’s mental health by restricting their exposure to addictive social ...
The Austrian non-profit privacy advocacy group NOYB (None of Your Business) has called for immediate action from national privacy watchdogs across the European Union in response to recent changes in Meta’s privacy policy, effective June 26, 2024. These changes allow Meta to use personal data, including years of personal posts, private images, and online tracking data, to train its AI ...
The Governor of Colorado recently signed into law AI bill SB 205, titled “CONSUMER PROTECTIONS IN INTERACTIONS WITH ARTIFICIAL INTELLIGENCE SYSTEMS”. The law takes effect on February 1, 2026. It focuses on “high-risk” AI systems involved in making consequential decisions, imposing a duty on developers and deployers to prevent algorithmic discrimination. Developers and deployers of high-risk AI systems must use ...
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