Artificial Intelligence Legal and Regulatory Developments in 2024

This document is a client alert that outlines significant legal and regulatory developments concerning artificial intelligence (AI) as anticipated in 2024. It discusses the transformative changes in the legal landscape surrounding AI, particularly the European Union's AI Act, which is set to become the first comprehensive AI law, regulating AI systems based on risk. The alert details the U.S. approach, which remains largely self-regulatory, while highlighting the dynamic regulatory environment, including a White House executive order and various federal and state initiatives. The document emphasizes the ongoing scrutiny of data usage in AI development and the implications of new legislation on sectors such as employment, insurance, and healthcare. It also addresses the evolving societal norms regarding AI and the anticipated regulatory frameworks that will emerge to govern AI technologies, including the implications of the AI Liability Directive and Product Liability Directive in Europe. The alert serves as a guide for stakeholders to understand the key issues and developments to monitor in the upcoming year.