In an earlier two-part series, we explored key factors for companies and influencers to consider when drafting and negotiating influencer agreements to advertise and market products and services on social media.
Tech & Sourcing @ Morgan Lewis
TECHNOLOGY TRANSACTIONS, OUTSOURCING, AND COMMERCIAL CONTRACTS NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
In our March 2024 blog post Study Finds Average Cost of Data Breaches Continued to Rise in 2023, we highlighted the key findings of the Ponemon Institute’s Cost of a Data Breach Report 2023. Each year, the report sets forth a vast dataset analyzing data breaches at hundreds of organizations to spot trends and developments in security risks and best practices. The Ponemon Institute recently published its Cost of a Data Breach Report 2024, showing an increase in data breach costs in many areas of business.
Contract Corner
Whether form or template agreements are for a company’s own services or are used for the procurement of goods and services, leveraging forms can be a useful tool to maintain consistent terms and conditions. With the advancement and growth within the artificial intelligence (AI) market, including new and enhanced products and services that incorporate AI, now is a good time to revisit and refresh template agreements.
Artificial intelligence (AI) is reshaping modern society, enabling the automation and modification of routine human activities and, consequently, enhancing efficiency and productivity. Like any technological development, AI presents both benefits and risks. Concerns include potential biases, privacy intrusions, and ethical dilemmas.
While artificial intelligence has not quite yet achieved singularity, the last fortnight brought about a substantial update to the AI regulatory landscape. As of February 2, Chapters I and II of the EU AI Act have entered into force. This includes Article 5, which prohibits certain AI systems whose use may intrude upon an individual’s privacy. This includes certain AI systems relating to emotion recognition in the workplace, subliminal manipulation, and predictive policing. Separately, EU AI Act obligations relating to AI literacy have also gone into effect.
Please join us for our fourth annual Artificial Intelligence Boot Camp, during which Morgan Lewis lawyers will discuss the latest developments, insights, and impacts of AI usage and integration for companies of all sizes and industries.
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 intelligence technology for the benefit of private businesses and their customers as well as for all UK residents via AI-enabled public services.
On January 8, 2025, partners Doneld Shelkey Marina Aronchik presented an Outsourcing and Technology 2025 webinar as part of the Morgan Lewis Tech & Sourcing Webinar Series: Data 2025.
On January 14, 2025, President Joseph R. Biden issued an Executive Order aimed at advancing US leadership in artificial intelligence (AI) infrastructure, focusing on the development of AI data centers on federal lands. Developers selected through a solicitation process will have the opportunity to lease select federal lands for constructing AI data centers and the energy infrastructure needed to power them.
As we look ahead to 2025, it's clear that the next few years will bring about groundbreaking shifts across industries, with technologies such as AI, quantum computing, data centers, robotics, and autonomous vehicles leading the charge. These innovations are far more than buzzwords—they have the potential to redefine how we live, work, and interact. In this article, we dive into the top technologies set to make a significant impact in 2025 and explore why they’re worth watching closely.