๐Ÿ”ฅ NYC’s AI Law Exposed! What Harry Potter Knew First…

Mike Ruggles, Founder

Mike Ruggles, Founder

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You are reading the web version of the Legal Insider newsletter for September 5, 2023. Click here to subscribe.ย 

Hello Legal Insiders, โš–๏ธ๐Ÿ“œ

Welcome to the newsletter edition thatโ€™s equal parts brainy and cheeky. As you sip your morning brew or steal a minute from your packed calendar, we invite you to indulge in a blend of legal brew-haha and serious statutes.

In Today’s Email:

NYC’s AI Hiring Fling: Unravel the nuances of the Big Apple’s bold steps in AI hiring practices. Will this set the tone for a tech-led future? NYC says, โ€œWatch us!โ€

AI, Copyright & A Hint of Potter: Ever thought Hogwarts and AI had something in common? Well, magic might just be data in disguise. This oneโ€™s a tale of tech, texts, and a touch of enchantment.

DeepMind’s Deep Dive: When the co-founder of a revolutionary AI company speaks, we listen. Especially when it’s about AIโ€™s potential to rewrite life’s very definitions. Intrigued much?

From the crossroads of circuits and copyrights to the intertwining of algorithms and affidavits, we’ve got you covered.

Cheers to clarity with a touch of quirk! Enjoy!

NYC's AI Hiring Law: 3 Things Businesses Must Know

๐Ÿค– NYCโ€™s AI Hiring Law: 3 Things Businesses Must Know

In a Nutshell

A Groundbreaking Move in the Big Apple:

NYC has always been known to lead the charge, and this time, it’s no different. Enter the AI Hiring Lawโ€”a pioneering regulation that’s not just turning heads in Manhattan, but across oceans and continents. Forget about the classic ‘sleepless in Seattle’; the chatter now is all about being ‘thoughtful in tech’ when hiring in NYC.

The Global AI Tangle:

Operating in the concrete jungle? Doesnโ€™t matter if your HQ is in Tokyo or Timbuktu. If you’re dabbling in business within NYCโ€™s borders, you’ll need to toe the line with this new AI recruitment policy. The message is loud and clear: AI is welcome, but let’s keep things transparent and above board, shall we?

Not a Ban, Just a Nudge:

Thinking NYC is trying to shove AI out of the hiring process? Think again! The aim isn’t to halt the AI train but to ensure that when it stops at the recruitment station, everything is in tip-top ethical shape. NYC’s got no qualms with AI, as long as you’re using it responsibly.

A Trendsetter in Regulation:

NYC might be setting the stage, but don’t be surprised if other cities catch the regulation bug. With AI’s omnipresence, from your Alexa playlist to algorithmic trading, this law’s ripple effects could resonate globally. Will we see a Brussels or a Bangalore version soon? Only time will tell.

Fancy diving into the fine print of NYC’s new rulebook? Then don your reading glasses and prep for a fusion of law, tech, and, yes, a sprinkle of New York flair as we explore more in our comprehensive article.

Trending

Medicare Drug Price Law Under Legal Fire: The pharmaceutical realm is gearing up for a notable legal showdown with Medicare’s drug price negotiation initiative. As the clock ticks, manufacturers singled out for the inaugural phase have a narrowing window of just one month to ink agreements for price discussions and to dispatch their data to the federal authorities. The crux of this legal tussle centers on the terms of these agreements and the transparency of the data submission process. For the broader healthcare sector, this unfolding legal narrative underscores the ever-present tension between profit motives and the drive for affordable healthcare. The central debate revolves around the balance between ensuring reasonable drug prices for the public and safeguarding the commercial interests of the pharmaceutical industry.

Free Resource

๐Ÿฆ‰ AI, Copyright, & Harry Potter: The Magic of Data Leverage

In a Nutshell

The AI Spellbook Revealed:

At the heart of AI’s enchanting world lies the term “Data Leverage”. A concept far removed from the whimsical tales of Hogwarts, this pivotal term highlights the significance of individual data pieces and their undeniable impact on AI’s sorcery. Just as every spell in a wizard’s repertoire holds unique power, so does every byte in the colossal world of AI.

Harry Potter’s Data Duel:

Ever wondered how omitting the tales of “The Boy Who Lived” might affect AI? A spellbinding test pitting vast digital libraries against each other – one missing a single Potter piece and the other devoid of the entire septet – unraveled astonishing findings. The verdict? Meddle with quality content, and you disrupt the very core of AI’s intelligence.

SILO’s Legal Lumos:

Enter SILO, our intellectual sherpa in the dense forests of AI. Their groundbreaking research doesn’t just touch upon the AI models’ insatiable appetite for pristine, copyrighted content. It’s a clarion call, underscoring the essence of recognizing intellectual contributions and navigating the intricate labyrinths of legal challenges in the AI dimension.

Legally Bewitched:

Muggles beware! The realm of AI isn’t merely about codes and algorithms. With AI feasting on a buffet of online content, including your last witty tweet or profound LinkedIn post, the echoes of copyright bells grow louder. The tech and legal cosmos are now intertwined, with AI’s tech magic seeking guidance from the astute legal wizards to address rightful compensations.

Bewitched enough to embark on a deeper quest? Dive headfirst into our comprehensive article, as we take you on a magical carpet ride through AI’s enchanting world, where the law meets lore!

๐Ÿ”ฎ DeepMind Co-Founder: AI May Alter Life Radically

In a Nutshell

AI’s Next Companion Role:

Mustafa Suleyman of DeepMind fame doesn’t just view AI as another tool in the box. Oh no, fellow esquires! It’s a companion, ready to support, teach, and perhaps give us that much-needed push to our untapped potential. And while AI’s heart is in the right place, its safety… well, that’s currently up for some serious debate.

Bio-Brilliance or Bio-Blunder?

Fuse AI with biotech, and what do you get? A potential to redefine life itself. While this can lead to groundbreaking creations we’d all fancy a patent on, it also presents ethical conundrums that could give any lawyer a long day in court.

AI’s Four Horsemen:

From Asymmetric Consequences to the slightly terrifying whirlwind of Hyper-Evolution, Omni-Use Dilemmas, and – brace yourselves – Unfettered Autonomy, Suleyman points out that we’re not just looking at a Pandora’s box. Itโ€™s more like Pandora’s arsenal.

Law, Startups, and the AI Tango:

As AI weaves its way deeper into our lives, legal wizards and eager startups find themselves navigating through a maze of intellectual property challenges, evolving regulatory plots, and those pesky issues of who-to-blame-when-AI-goes-rogue.

Gear up for a blend of innovation, suspense, and a sprinkle of legalese as we dissect Suleyman’s illuminating insights in our full feature. Ready for the AI-driven rollercoaster? Dive in!

Tidbit Territory

X Corp.’s ADL Friction: Elon Musk fingers the Anti-Defamation League for dipping US ad revenue on X Corp., once known as Twitter.

EU’s Tech Tug-of-War: Big Tech firms gear up as the EU preps its most aggressive antitrust swipe to date, hinting at possible legal skirmishes with Silicon Valley.

Billionaires’ City Snag: A covert initiative powered by tech moguls to establish a city near San Francisco encounters hurdles, showcasing California’s notoriously tough building environment.

Zoomโ€™s AI Spotlight: AI researchers press the FTC to examine Zoom Video Communications Inc. and their use of user data for developing AI capabilities like automated meeting recaps.

X Corp’s AI Challenge: X Corp., previously Twitter, tweaks its privacy policy to harness user data for AI, navigating the murky waters of current US privacy regulations.

AI Hiring Hiccups: Government watchdogs demand AI recruitment tech disclosures from companies, causing unease among corporate lawyers over the breadth of these requirements.

Broadcom’s Slippery Slope: Post a lukewarm forecast, Broadcom Inc. sees a notable stock drop, indicating a continued slow demand for tech components.

Samsungโ€™s AI Climb: On the back of reports that Samsung will now supply cutting-edge memory chips to Nvidia Corp., the companyโ€™s stocks jump 6%.

Pelosi’s AI Warning: Ex-House Speaker Nancy Pelosi views AI as a double-edged blade demanding tight regulatory checks, especially when safeguarding creative sectors.

Auditors’ Big Data Desire: As their overseer contemplates new rules for examining digital records, auditors are pushing for clearer guidelines concerning modern data analytics.

๐ŸŽธ In 1998, the #1 hit song was Aerosmith โ€“ I Donโ€™t Want To Miss A Thing.

๐Ÿ‡บ๐Ÿ‡ธ In 1975, Lynette โ€˜Squeakyโ€™ Fromme attempted to assassinate US President Gerald Ford.

๐Ÿฅ‡ In 1972, Palestinian terrorists killed eleven Israeli athletes at the 1972 Munich Olympics.

๐Ÿƒ Five Card Poker Odds, nothing wild: Three of a Kind โ€“ Three of the same numbered or โ€œfaceโ€ card, 1 in 50.

๐Ÿ A group of Vipers is called a Generation or Nest.

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Mike Ruggles, Founder

Mike Ruggles, Founder

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