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Driven by the demand for AI-ready cloud infrastructure, the market cap for global data center construction, currently valued at more than $250 billion, is set to double in less than ten years, reaching half a trillion dollars by 2034.
V&E Technology Update
On November 7, 2024, the Transportation Security Administration (the “TSA”) published a Notice of Proposed Rulemaking (the “Proposed Rule”) that would mandate cyber risk management (“CRM”) and reporting requirements for certain surface transportation owners and operators, including certain pipeline, freight railroad, passenger railroad, rail transit, and over-the-road bus owners and operators.
V&E Cybersecurity Update
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 Rule 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”).
V&E Export Controls Update
On January 14, 2025, President Joe Biden issued an executive order aimed at advancing U.S. leadership in AI infrastructure (the “Order”).
V&E Artificial Intelligence Update
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.
As generative AI technology becomes increasingly integrated into the legal profession, in-house counsel face a range of new considerations.
Published by CorpGov Dec 2, 2024