Stephenson Harwood advises Riverchain International Limited on its US$1.2 Million Seed and US$5 Million Series A funding rounds
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The FCA's proposed consumer redress scheme in relation to motor finance - the highlights….
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Hong Kong Privacy Commissioner's new Model AI Framework
On 11 June 2024, the Office of the Privacy Commissioner for Personal Data (the "PCPD") published the non-binding "Artificial Intelligence: Model Personal Data Protection Framework" (the "Model AI Framework") to provide organisations with internationally recognised recommendations and best practices in the procurement and implementation of Artificial Intelligence ("AI"), which are in line with the requirements of Hong Kong's data protection law (the Personal Data (Privacy) Ordinance (Cap. 486) (the "PDPO")).
The Model AI Framework builds on the "Guidance on the Ethical Development and Use of Artificial Intelligence" published by the PCPD in August 2021 (the "2021 AI Guidance"). To recap, the 2021 AI Guidance recommended that organisations embrace three data stewardship values (being respectful, being beneficial and being fair) and seven internationally recognised ethical principles for AI (accountability, human oversight, transparency and interpretability, data privacy, fairness, beneficial AI, reliability, robustness and security).
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