AI & Blockchain

AI Legal Landscape in 2024-Navigating New Challenges & Regulations

Author : Renuka K

The year 2024 is pivotal for the legal world's interaction with artificial intelligence (AI), as new regulations and complex legal challenges emerge. Notably, the European Union has made significant progress with the EU AI Act, aiming to regulate high-level AI models, including biometric surveillance and systems like ChatGPT. This legislation will demand heightened transparency and oversight.

However, compliance with these regulations presents challenges. The European Commission encourages AI developers to voluntarily adhere to the AI Act's obligations, highlighting the need for internal process development and staff preparation. These measures intersect with existing laws like GDPR, intellectual property rights, and privacy laws, indicating a complicated compliance landscape for AI-related businesses.

Additionally, the legal sphere anticipates more specific laws, particularly against AI-generated deepfakes. In the U.S., political deepfakes are under scrutiny, especially with the upcoming 2024 presidential elections. India is also finalizing laws against deepfakes. These evolving regulations emphasize the need for businesses to stay informed about disclosure requirements, deepfake restrictions, and audit requirements.

A significant area of concern is copyright infringement. High-profile lawsuits have accused AI developers like OpenAI, Microsoft, Meta, and Google of violating copyright laws. These cases, covering art, music, literature, and news content, are expected to bring clarity to copyright infringement in AI. The New York Times' recent lawsuit against OpenAI and Microsoft could be a watershed moment in this domain.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.