The EU AI Act will soon come into effect, and it is important for entities to understand whether they are within the scope of the law and how it applies to them. The first step is to determine if their AI system falls under the definitions and prohibitions given under the Act. They must also determine their role in the market, their geographical scope, and take note of the key enforcement dates. Compliance is crucial as non-compliance may result in harsh penalties. Holistic AI's expert team can support businesses in achieving compliance.

Recent legal developments have highlighted critical questions regarding fairness, accountability, and the protection of rights in the digital age, specifically in relation to AI. This has led to an explosion of laws and regulations being introduced globally to tackle the challenges posed by AI. The blog highlights key developments in the US, including legal actions in AI, navigating the era of deepfakes, and recent AI US legislation and regulations across sectors. The blog also covers advancements in AI governance in Europe and the Asia-Pacific region, emphasizing a shared commitment to harnessing AI's potential while managing associated risks.

The Republic of Korea and the United Kingdom hosted the AI Seoul Summit in May 2024, building on the momentum of the UK's AI Safety Summit in 2023. The summit brought together global leaders from government, industry, academia, and civil society to explore cooperation on AI safety, innovation, and inclusivity. The summit resulted in the Seoul Declaration, Seoul Statement of Intent, and Seoul Ministerial Statement, which emphasized the importance of international collaboration and cooperation on AI safety. The summit also led to the establishment of new AI safety institutes and Frontier AI Security Commitments signed by 16 global AI technology companies. A third AI summit is scheduled for Paris in early 2025.

Colorado has introduced several laws aimed at regulating the use of AI, including SB169 which prohibits discrimination in insurance practices, SB205 which provides consumer protections against algorithmic discrimination resulting from AI, HB1147 which addresses the use of deepfake content in electoral communications, and SB22-113 which mandates governance of AI-driven facial recognition technologies by state entities. The laws impose transparency, governance, and risk management obligations on insurers, developers, and deployers, and introduce penalties for non-compliance. As proposals for AI laws continue to accelerate, mapping exposure risks and staying on top of regulatory developments is essential for ensuring compliance.

The entertainment industry has rapidly embraced AI, leveraging its capabilities to revolutionize content creation, distribution, and user engagement. AI enables companies to better understand and cater to modern consumer-centric marketplaces, significantly enhancing operational practices and user experiences. One of the most prominent uses of AI in entertainment is through personalized content recommendations. AI is transforming the creation and production of content by identifying trends and preferences, guiding content creators in developing shows, movies, and music. AI aids in content distribution and regulatory compliance. AI automation also affects the industry's workforce. However, legal and ethical implications surround the authenticity of AI-generated content, and the complexities surrounding intellectual property rights are pivotal issues. As AI continues to blur the lines between human and machine authorship, it raises questions about originality, ownership, and the protection of creative works. Despite the challenges, AI's potential to democratize content creation and provide new opportunities for innovation remains promising. Entertainment organizations need to track the evolving AI regulatory landscape.