CyberLex
CyberLex Insights on cybersecurity, privacy and data protection law

Category Archives: AI and Machine Learning

Subscribe to AI and Machine Learning RSS Feed

Financial Stability Board Releases Report on Financial Stability Implications of Artificial Intelligence and Machine Learning

Posted in AI and Machine Learning, Big Data, Financial, FinTech

On November 1, 2017, the Financial Stability Board (the “FSB”)[1] published its report on the market developments and financial stability implications of artificial intelligence (“AI”) and machine learning in financial services. The FSB noted that the use of AI and machine learning in financial services is rapidly growing and that the application of such technologies… → Read More

Basel Committee on Banking Supervision Issues Consultative Document Highlighting Implications of Fintech on Banks

Posted in AI and Machine Learning, Big Data, Cybersecurity, FinTech, Payments, Privacy

On August 31, the Basel Committee on Banking Supervision (the “BCBS”) published a consultative document on the implications of Fintech for the financial sector. The consultative document was produced by BCBS’s task force mandated with identifying trends in Fintech developments and assessing the implication of those developments on the financial sector. Parts I and II… → Read More

Europeans Express Positive Views on AI and Robotics: Report on Preliminary Results from Public Consultations

Posted in AI and Machine Learning, Big Data, European Union, Privacy

On October 6, 2017, the European Parliament released its preliminary findings on its public consultation on robotics and artificial intelligence. The consultations resulted in 298 responses reflecting public perceptions about the risks and benefits of AI technology. According to the EU Committee website, the results of the consultation will inform the Parliament’s position on ethical,… → Read More

European Banking Authority Responds to European Commission Public Consultation on Fintech: Potential Takeaways for Canada

Posted in AI and Machine Learning, Big Data, Cybersecurity, Financial, FinTech

In March 2017, the European Commission issued a public consultation document on Fintech.  The goal of the European Commission (EC) document is to further the objective of a digital single market within Europe.  This will be done by supporting the development of digital infrastructure,  improving access to goods and services, and ensuring rules foster technological… → Read More

A Glimpse into a Tangled Future: Implications of an Increasingly Connected World

Posted in AI and Machine Learning, Big Data, Internet of Things

Looking forward to living in a house that reduces your workload by mowing your lawn? What about having your front door beam you photographs of everyone your adolescent children let into your home while you are at work? Or, even better, a door that will only open for certain people at specific times during the… → Read More

Lawyers need to keep up with AI

Posted in AI and Machine Learning, Big Data

For decades, novelists, scientists, mathematicians, futurists and science fiction enthusiasts have imagined what an automated society might look like. Artificial intelligence, or AI, is rapidly evolving, and the society we could only once imagine may be on the brink of becoming our new reality. Simply, and generally, AI refers to the ability of a computer… → Read More

Chatbots, Open Data and Sandboxes: Trending Topics from the 2016 Money20/20 Conference

Posted in AI and Machine Learning, Financial, FinTech, Mobile Payments, Privacy

With 10,000+ attendees, including more than three thousand companies from seventy-five countries, Money20/20 is the largest annual global event focusing on payments and financial services innovation. The 2016 conference in Las Vegas this October featured a packed agenda of talks by industry and thought leaders on a broad range of current and emerging Fintech issues,… → Read More

Impacts of Artificial Intelligence Remain Grey Areas, says White House Report

Posted in AI and Machine Learning, Cybersecurity, Privacy

Earlier this month the Executive Office of the President’s National Science and Technology Council (the “NTSC”) released a report entitled Preparing for the Future of Artificial Intelligence. The report surveys the current state of artificial intelligence (“AI”). The NTSC foretells of a future where AI technologies play a growing role in society – opening up… → Read More