Presumably many of us have watched Bonanza when they were younger. Bonanza is an American Western TV series about the Wild West of the 1860s. It wasn’t an easy life – lawlessness reigned, and justice was only for the strong.However, in 2024, it’s a different story – the laws are in place and being effectively enforced. The development and use of artificial intelligence is no longer a lawless environment. Existing regulations remain in place, and now a new Artificial Intelligence Regulation has entered into force, carrying hefty fines of up to €35 million or up to 7% of a company’s global turnover. So, the answer to the question in the headline is already a pre-emptive 'no'.
eSignatures in Focus: Navigating Electronic Identification and Trust Services in Ukraine
In recent years, Ukraine has experienced a significant shift towards digitalization, with the advent of electronic identification (eID) means and trust services being a pivotal element of this revolutionary transformation. As Ukraine endeavours to embrace technology-driven solutions, eID means and trust services - enabling, inter alia, electronic signatures (eSignatures) - have emerged as readily accessible and efficient alternatives to traditional handwriting methods, thereby streamlining processes, minimizing reliance on paper-based documentation, and eliminating the need for the physical presence of signatories in one place.
Cytowski & Partners Advises Open Ocean on Series A Financing of Authologic
Cytowski & Partners has advised Open Ocean on the USD 8.2 million series A financing round of Authologic that also saw the participation of the Y Combinator, SMOK Ventures, and Peak Capital. Pillsbury Winthrop Shaw Pittman reportedly advised Authologic.
Filip & Company Advises Agista on Sale of Dendrio Solutions and Increasing its Shareholding in Fort
Filip & Company has assisted the investment fund Agista on the sale of its entire stake in Dendrio Solutions to Bittnet Systems and the acquisition of a new stake in the cybersecurity company Fort, listed on the AeRO market.
CMS and Schneeweiss Weixelbaum Advise on the Sale of Paso Solutions to Dataciders
CMS has advised the owners of Austrian data and AI service provider Paso Solutions on its sale to Dataciders. Schneeweiss Weixelbaum advised the buyer.
Jasinski Advises Falcon V Systems on Sale to Vecima Networks
Jasinski has advised Falcon V Systems on its sale to Vecima Networks.
Schoenherr Advises IndieBI on Funding Rounds
Schoenherr has advised IndieBI on raising equity capital through two investment rounds which included undisclosed industry investors.