Artificial intelligence (AI) is top of mind for all businesses looking to grow. Economic researchers point to AI as a key factor to boost the economy, and believe that AI could result in billions, if not trillions, of dollars in technology-related spending. However, this potential growth will not be possible in isolation; it requires massive amounts of supporting infrastructure.
Tech & Sourcing @ Morgan Lewis
TECHNOLOGY TRANSACTIONS, OUTSOURCING, AND COMMERCIAL CONTRACTS NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
By way of update to our recent reporting on the California legislative efforts to regulate artificial intelligence (AI), on September 29, 2024 California Governor Gavin Newsom vetoed SB 1047, a bill imposing new AI safety regulations, while approving AB 2013, a law mandating transparency in generative AI.
As discussed in a previous LawFlash, the California legislature recently passed SB 1047. Along with AB 2013, which is focused on transparency and is also awaiting Governor Gavin Newsom’s signature, California lawmakers are innovating on artificial intelligence (AI) at Silicon Valley speed.
Employers in the Asian region face novel challenges in connection with the heightened competition for talent in the technology sector. Offering remote or flexible work arrangements can serve as a competitive advantage. However, it is essential for companies to consider implications related to immigration, tax, data privacy, security, and employment law.
The leaders of Morgan Lewis’s aerospace and defense industry team will be hosting Space and Satellite Night in our Houston office on September 26, featuring a discussion on space commercialization developments followed by a reception. Join counsel and executives from leading aerospace and defense companies, together with Morgan Lewis lawyers representing active industry participants in a range of issues, to explore trends, opportunities, and legal, regulatory, and commercial challenges impacting the industry.
The Ministry of Public Security and the Cyberspace Administration of China (CAC) on July 26, 2024 released an announcement soliciting public comments on the Draft Measures for the Administration of National Network Identity Authentication Public Services (for Public Comment) (Draft Measure).
Morgan Lewis partners Christopher C. Archer, Anastasia Dergacheva, and J. Daniel Skees as well as associate Arjun Prasad Ramadevanahalli will discuss developments and trends in cybersecurity and digital transformation for the energy industry on Wednesday, November 29.
Morgan Lewis is hosting our annual Tech & Sourcing Summit in New York on Wednesday, October 25. The summit will include a full day of sessions starting in the morning with breakfast, followed by a networking lunch.
Our presenters will address certain recommended provisions for terms of service, relevant questions to ask and issues to consider when planning to enter a new geographic market, as well as recommendations on how to manage risk with expanded regulatory requirements.
Contract Corner
As noted in our recent blog posts, The Rise of Next-Gen Business Process Outsourcing and Key Contracting Issues to Consider, the core premise of next-gen business process outsourcing (BPO) includes (1) the leveraging of automation, bots, performance tools, and other technology to transform and optimize workflows and business processes and (2) the implementation of solutions to collect and analyze data to improve user experiences and business outcomes. Next-gen BPO drives the development and implementation of transformative technology and the generation of critical business data. As such, the identification of key intellectual property (IP) and the allocation of IP use and ownership rights invariably becomes a gating issue in contract structuring and negotiations.