Archive: March 2025

Canada’s proposed artificial intelligence (AI) legislation, the Artificial Intelligence and Data Act, died on the Order Paper earlier this year when Parliament was prorogued. While the future of AI legislation in Canada remains unclear, the federal government remains committed to strengthening Canada’s global position and approach to AI as a leader in the field.

Developing high-performance generative AI systems and other AI systems based on machine learning often requires access to vast amounts of data for training (AI training data) and improving their accuracy and performance, and data scraping is an approach that is taken to generate large enough data sets.

Increased regulatory burdens on asset management businesses have resulted in additional cost pressures. However, regulation has also required more pricing transparency, which has led to an increasingly competitive market, with investors demanding either ultra-low cost or increasingly bespoke investment solutions.

Individuals have the right to receive meaningful information about solely automated decisions with significant effects under the General Data Protection Regulation (GDPR). This includes decisions that will impact an individual’s finances or employment.

The EU AI Act’s prohibitions came into effect on 2 February 2025 and carry fines of 7% worldwide annual turnover for non-compliance. The prohibitions at Article 5 and accompanying recitals (particularly recitals 28-44) set out a complex set of provisions.