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Everyone's a winner - but some wins are more substantial than others: latest OECD assessment of the impact of the global minimum tax The global minimum tax is now in effect in the UK for qualifying multinational groups for accounting periods beginning on or after 31 December 2023.  A number of other jurisdictions have also implemented the rules or are in the process of implementing the... NCSC Publishes Guidelines on Secure AI System Development: a Concerted International Approach Everyone’s talking about AI at the moment (see our round-up of recent developments here and here). A consensus is building across regulators, industry, experts and sceptics, that realising any benefits from AI requires mitigation of its risks. One of the ... European Commission seeks views on virtual worlds and generative AI Competition authorities around the globe are ramping up their interest in and examination of nascent technologies such as AI and virtual worlds - a trend that is only going to continue.  Today, the European Commission has announced that it is seeking inpu... A “global gold standard”: the UK government consults on proposed measures to bolster the security and resilience of UK data infrastructure The UK government is consulting on proposed regulations to improve the security and resilience of UK data infrastructure, including data centres.  The consultation, which will close on 22 February 2024, follows the Department for Digital, Culture, Media &... Using AI in the transition to net zero The recent explosive growth in the development and deployment of artificial intelligence (AI) has dominated conversations in 2023.  Part of those discussions have centred on the transformative potential (or indeed, reality) of AI on the climate tech indus... EU opens proceedings against X for possible breaches of the DSA X has become the first company to have formal proceedings for potential breaches of the Digital Services Act (“DSA”) launched against it by the European Commission. In a press release published earlier this week, the Commission announced that it was openi... ANNother patent? Has the High Court paved the way for increased patentability of Artificial Neural Networks? Patenting AI inventions is notoriously complex, with budding patentees having to weave a fine line between various exclusions from patentability. One exclusion that can be particularly problematic in this sector is that for computer programs. However, a r... High Court refuses to throw out Getty Images’ IP infringement claim against generative AI provider Stability AI As 2023 draws to a close, generative AI remains a hot topic. Not only can you now look the term up in the dictionary, but we also have the first decision from a UK court looking at IP infringement in the context of generative AI. In this decision, the Hig... EU AI Act agreed as UK says it won't legislate until timing is right After months of fierce debate, political agreement was finally reached on the EU’s landmark AI Act on 8th December 2023. Ursula von der Leyen described it as “the first-ever comprehensive legal framework on Artificial Intelligence worldwide” and it is tru... Cryptoasset reporting: collecting data on the data economy With cryptoassets hitting the news again recently, financial regulators and tax authorities are moving to place a tighter rein on the sector. In October 2023, the UK government confirmed its plans to regulate a much broader swathe of cryptoasset activitie...