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Remember when AI was the stuff of science fiction? With the release of OpenAI's GPT-3 and GPT-4 and other AI generative systems into the consumer market in late 2022, artificial intelligence became an accessible tool that can be applied in almost every computer environment. UBS, the global financial services company, reported that GPT-3 and GPT-4 reached 100 million active monthly users only two months after its release, making it the fastest growing internet app in history.
AI systems began to be integrated into commonly used information storage systems years ago. But when corporate service providers applied AI technology to solve industrial problems, its presence seemed purely benign. Now, as AI tools become available to the general public, the prospect of people "being replaced" by an AI application seems more threatening.
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The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.