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Vishnu Shankar

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Articles

  • International AI Treaty Signed by US, UK, and EU Leaves Much to Be Determined, Legaltech News

    Sep 11, 2024 | morganlewis.com | Vishnu Shankar

    Partner Vishnu Shankar was quoted in a Legaltech News article that discusses an artificial intelligence treaty put forth by the human rights organization, the Council of Europe, and allows countries to fill in the blanks as they wish. At its core, the treaty is essentially a framework for signatories to abide by, with many specifics left up to countries to fill in as they see fit. “It doesn’t actually create a set of rules, because things are pretty high-level,” said Vishnu.

  • ESMA Issues Guidance on AI in Retail Financial Services as EU AI Act Takes Effect

    Aug 19, 2024 | morganlewis.com | Steven Lightstone |Vishnu Shankar |Simon Currie |Mike Pierides

    The European Securities and Markets Authority (ESMA) recently published its first formal guidance on the use of artificial intelligence (AI) in the provision of retail investment services. The guidance outlines AI’s potential risks and benefits for investment firms and their clients and covers various AI-use aspects, including customer service, provision of investment advice and portfolio management services, compliance, risk management, and fraud detection.

  • ESMA Issues Guidance on AI in Retail Financial Services as EU AI Act Takes Effect

    Aug 19, 2024 | lexology.com | Steven Lightstone |Vishnu Shankar |Simon Currie |Mike Pierides

    The European Securities and Markets Authority (ESMA) recently published its first formal guidance on the use of artificial intelligence (AI) in the provision of retail investment services. The guidance outlines AI’s potential risks and benefits for investment firms and their clients and covers various AI-use aspects, including customer service, provision of investment advice and portfolio management services, compliance, risk management, and fraud detection.

  • 3 Pressing Compliance Questions as the EU AI Act Clock Starts Running, Legaltech News

    Aug 1, 2024 | morganlewis.com | Vishnu Shankar

    Partner Vishnu Shankar spoke with Legaltech News about lingering compliance questions with the EU AI Act. Vishnu – former head of legal (regulatory enforcement) at the UK Information Commissioner’s Office – pointed to ambiguity about the act’s grandfathering provision for general-purpose AI (GPAI) systems, particularly as it relates to system updates. “[I]f you place a GPAI model on the market before Aug. 2, 2025, you have until Aug. 2, 2027, for compliance.

  • It’s Here: The EU AI Act Has ‘Entered Into Force.’ Now What? Law.com

    Jul 31, 2024 | morganlewis.com | Vishnu Shankar

    Law.com quoted partner Vishnu Shankar in an article about the European Union’s (EU) Artificial Intelligence (AI) Act and the significant compliance challenges companies will face due to the act’s novel and stringent requirements.

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