The Biden administration has recently imposed further restrictions on the sale of advanced semiconductors from American firms to Chinese companies, hoping to slow China’s progress in developing AI technologies. This news was reported by the New York Times. This decision, however, is expected to have minimal financial impact on operations of top chip producers such as Nvidia, given the global demand for their chips.
In addition to policy changes, there has been an increase in the attention on the procedures for auditing AI products. A recent piece in Legaltech News underscores the significance of AI auditing in relation to ethical concerns, transparency, and accountability, particularly within the legal sector.
Building on this theme, another exploration from Legaltech News juxtaposes the costs of buying an AI product from a legal tech firm against those of building one. This comparison aids decision-making on multiple fronts, including understanding the commitment of resources for development and maintenance, mapping out AI applications, and aligning with prospective implementation using open source models.
Taking a step inside the industry, Che Chang, general counsel at OpenAI, recently expressed optimism about the future of AI regulation during the Berkeley Law AI Institute conference. According to an account from Corporate Counsel, Chang said his team frequently converses with policymakers, a result, perhaps, of the FTC’s growing inquisitiveness about AI.
Flipping to legal proceedings, Pras Michel from The Fugees has leveled accusations at his previous lawyers for depending on a flawed final argument generated by artificial intelligence. His conviction for conspiracy, unregistered foreign agency for China, and witness tampering is being challenged with new legal representatives from ArentFox Schiff. The new team alleges that the preceding defense had an undisclosed financial interest in the AI program used for the argument, as stated in a Politico report.