Cecilia Ziniti
Jul 19, 2024
Hi everyone! Tuesday was Global AI Appreciation Day and yesterday was World Emoji Day. Let’s dive in and do our part. 😎
Read time: 6 minutes, 21 seconds.
AI Regulatory & Litigation
🗳️ Trump promises to revoke Biden’s AI executive order, which he calls dangerous. His AI plans, as outlined in the new Republican platform, seek to ‘make America first in AI’ and are influenced by Silicon Valley investors like Peter Thiel. Also interesting - VP pick JD Vance has spoken on AI and open source. Click to watch JD Vance clip below and you can also read GC AI's analysis of Vance's views.
🤷 Meanwhile, AI says nobody won the presidential debate. Fair point given neither candidate used the word “AI”, and “tech” was mentioned only twice.
⛽ Re: Loper Bright/Chevron and AI
Justice Kagan says AI is “the next big piece of legislation on the horizon” that’ll face the absence of Chevron deference. “What Congress wants, we presume, is for people who actually know about AI to decide those questions,” Kagan said.
Rep. Don Beyer, D-Va. told FedScoop that the ruling “makes it much more important that Congress respond to AI with legislation…[J]udges and law clerks [have] no relevant expertise ...”
📖 California Draft AI Bill SB-1047 would regulate LLM providers and require certification to a newly formed regulatory wing.
Silicon Valley VC's take? Y Combinator says the bill would tank California's AI lead (summary), and Marc Andreessen warns, "you may not be interested in politics, but politics is interested in you," and the firm launched a campaign against the bill.
Senator Weiner responded, saying A16z and YC's campaigns were “misleading", "false", "highly inflammatory distortions" and calling on them to put forth their own AI regulator proposals. We'll see.
🌎 AI Globally
🇫🇷 The CNIL (French Data Protection Authority) published new guidelines addressing AI and data protection, noting “AI models sometimes memorize part of their training data” which could trigger GDPR. GC AI summary here.
🇨🇳 Chinese developers scramble as OpenAI blocks access in China.
🇪🇺 The EU AI Act was officially published on July 12th, making it the world’s first comprehensive AI law.
🧾 Read the final 144-page version here. Or read GC AI’s summary.
⚖️ See also this nice timeline from our friends at FPF (click to view).
🔒 AI Privacy: we love fleece vests
🥾 Retailer Patagonia was sued under California's Invasion of Privacy Act for its AI customer service tool. SaaS company Talkdesk provides “experience analytics” and copilots for Patagonia's customer support team. See GC AI's summary here.
🚓 Privacy group IAPP released a new Artificial Intelligence Governance Professional (AIGP) certification - is it worth it? Our strong reco: take a GC AI class first. Why? Learn the tech and be a way better lawyer for makers of that tech.
💡 AI & Intellectual Property
🔬 Biotech is about to have its "ChatGPT moment," says Eric Schmidt. "Like the digital revolution, the biotech revolution stands to transform America’s economy as we know it—and it’s coming faster than we expect, turbocharged by AI." Expect faster drug development, novel therapeutics, and more in biology, a field he reminds us is bigger than tech. 😮
🌈 Judy Garland and other deceased actors like James Dean will perform AI-generated voice-overs. Startup ElevenLabs made deals with their estates.
🇩🇪 A German court heard arguments on whether the text-and-data-mining exception applies to acts of copying committed by AI crawlers. LinkedIn link
💡 The PTO issued new guidance on inventions and AI. GC AI summary.
AI & the Legal Profession
💰 “$20 million is the new $10 million.” NYT on BigLaw partner comp, especially lawyers supporting private equity and at Kirkland and Latham. When they use AI what will the number be?
☎️ Overheard: “I can’t get any two software to talk to each other without a six month integration exercise and thousands in profserv [professional services].” - Head of Innovation at an Amlaw 20 firm (source). Someone tell this man about APIs . 💀
🌄 Overheard: “More and more, we’re seeing a gap between what outside counsel recommends and what executives are open to when it comes to AI policies and procedures.” Source.
AI & Boards
🎛️ Global accountancy Grant Thorton explains how AI is useful for audit committee members. Tl’dr - us AI for tools like GC AI does well for things like summarizing the management discussion and analysis in a 10-K, and learn effective prompting.
🍎 Microsoft is is giving up its board seat at OpenAI, and Apple won’t wake the one it was supposed to take. In each case, the issue is antitrust. Source.
Corporate & AI Adoption
🐣 An AI security expert explains how to secure AI innovations before you know all your use cases.
🤖 HR employee records software company Lattice announced they’d “made history” by onboarding AIs as actual employees into their HR tool alongside human employees. People didn’t like it. So Lattice scrapped the feature.
🧮 Accounting software maker Intuit laid off 1800 people. Intuit says it’ll replace them with people to work on AI. Editor’s note- we use Quickbooks. It doesn’t have AI …
🫠 Goldman Sachs give us this week's clickbait, asking: AI: Too much spend, too little benefit? GS folks - if you get this email, happy to give you a demo. GC AI solves complex problems for valuable legal teams every day.
🙏 New, Notable, Random & Fun
🏥 Arianna Huffington says AI-Driven Behavior Change Could Transform Health Care. She describes personalized health plans and AI care managers. Cool.
🤔Can AI replace product managers? Blind tests show people prefer AI answers to product questions. We see this sometimes at GC AI with legal answers (!). The best way? You AND an ai. Trust.
💙Inside Out 2: The New Blockbuster Bringing Crowds Back to Theaters - interesting research from retail location analysis company Placer AI. See the movie if you haven’t!
GC AI Product Updates
📝 Beta - GC AI Prompt Optimizer
So we all know that prompts make a *huge* (yooge) difference in output quality. So let's automate ... that? Get GC AI help with drafting your prompts. Go to My Prompts, enter your prompt, then click optimize to transform the prompt with best prompting practices. Now in beta. PS - the feature uses Anthropic's latest model - Sonnet 3.5 - coming to a chat near you! 👋 Anthropic team.
💾 Change your email or password in the app
Use the new settings menu. Fun!
📄 PowerPoint and RTF support
Because slides are people too? GC AI can read uploaded PowerPoint files and RTFs.
📚GC AI Prompt library updates & Use Cases
📜🔍 Create an Internal Company Policy
A wizard prompt that helps you create any internal company policy. Example chat here.
🤝📑 Summarize a New Bill or Regulatory Rule
A prompt to get a new summary of a new bill or regulatory rule and then help create an email for stakeholders with action items. Example chat here.
Fun times! Thank you all for being amazing users.
Best,
Cecilia and the GC AI Team
