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On 29 March 2023, the UK Government published a WhitePaper entitled “A pro-innovation approach to AI regulation” (“WhitePaper”). The WhitePaper elaborates on the approach to AI set out by the Government in its 2022 AI Governance and Regulation Policy Statement (“Policy Statement” – covered in our blog post here ).
For example, the American Bar Association’s Law Technology Today often covers topics related to AI, machinelearning, and automation in law practice. This helps ensure your firm factors in compliance and ethical considerations when making decisions about using AI.
Over the past decade, to keep pace with digital transformation, legal leaders have embraced automation and machinelearning to optimize operations and improve business outcomes. However, technology is moving at lightning speed, and keeping pace is no longer good enough in a Legal 3.0 What is Legal 3.0 What does that mean?
There is a growing importance for the reuse of eDiscovery data in legal and compliance fields, as harnessing these insights is a catalyst for innovation and strategic decision-making within organizations. Data Analysis: Employing statistical methods and machinelearning algorithms to analyze the data and uncover patterns or trends.
On 26 October 2023, the Bank of England, Prudential Regulation Authority (“PRA”) and Financial Conduct Authority (“FCA”, collectively the “UK Financial Authorities”) published FS2/23 on Artificial Intelligence and MachineLearning (the “Response Paper”).
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