Sean Dao

Jan 24, 2025 | jdsupra.com | Alexa Chally |Claire Connor |Sean Dao

On January 13, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued its Framework for Artificial Intelligence Diffusion, an Interim Final Rule1 revising the Export Administration Regulations (“EAR”) to expand controls on advanced computing integrated circuits, commonly called microchips (“ICs”) and impose new licensing requirements for artificial intelligence (“AI”) model weights (the “AI Diffusion Rule”).2 An AI model weight represents the numerical...

Jan 15, 2025 | jdsupra.com | Alexa Chally |Sean Dao |Chaudhry N. Hameed

On January 14, 2025, President Joe Biden issued an executive order aimed at advancing U.S. leadership in AI infrastructure (the “Order”). This directive seeks to address the growing strategic importance of artificial intelligence (“AI”) by accelerating the development of large-scale data centers and clean energy facilities to support AI operations.

Jan 9, 2025 | jdsupra.com | Sean Dao |Michael Kurzer |Chaudhry N. Hameed

The incoming Trump administration is expected to make several policy changes likely to impact tech transactions. President-elect Donald Trump has promised to reduce regulation and cut federal bureaucracy, which he says have suppressed innovation, increased the cost of goods, and caused jobs to shift oversees. He has touted an “America First” focus on domestic manufacturing and supply chain independence, particularly of semiconductor and AI-related technology.

Nov 8, 2024 | jdsupra.com | Sean Dao |Robert Denby |Chris Chiavaroli

The Financial Crimes Enforcement Network (“FinCEN”) has announced temporary relief measures for reporting companies affected by recent hurricanes in the Southeast, providing additional time to comply with Beneficial Ownership Information (“BOI”) reporting requirements under the Corporate Transparency Act (the “CTA”) (see our update and summary here). FinCEN’s relief grants an extra six months for reporting companies that meet the specific criteria outlined below.

Mar 14, 2024 | jdsupra.com | Sean Dao |Palmina Fava |Michael Kurzer

On February 28, 2024, President Joe Biden issued a landmark Executive Order titled “Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern” (the “Order”).