We have gathered some of the most exciting recent applications of Artificial Intelligence (AI). Launched in India, Child Growth Monitor is an AI-powered smartphone app that detects malnutrition in children. The app uses an infrared sensor to capture the child’s measurements (height, body volume and weight, and limb circumference) to succesfully diagnose malnutrition. Unity Technology has developed Obstacle Towers, a video game designed to test the strengths and weaknesses of AI’s. They hope to develop a standardized benchmarking tool to evaluate...

By Nicole M Elliott| Christopher J Armstrong | Holland & Knight   HIGHLIGHTS: The Internal Revenue Service (IRS) released IRS Notice 2019-09 (Notice) offering guidance under Section 4960 of the Internal Revenue Code as added by the Tax Cuts and Jobs Act. Section 4960 applies to certain tax-exempt organizations, and imposes an excise tax on excess executive compensation and excess parachute payments. Section 4960 imposes additional burdens on tax-exempt organizations to assess, track and potentially pay the excise tax. Notice 2019-09 provides...

By Michael Obeiter | Taite R McDonald | Beth A Viola | Amy L Edwards | Holland & Knight HIGHLIGHTS: Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Ed Markey (D-Mass.) on Feb 7, 2019, released companion resolutions that provide a framework for prospective legislation on a Green New Deal (GND), an ambitious climate policy. The GND proposals are instructive and can serve as a blueprint for a potential climate and energy package for the next Democratic president to propose to Congress, or...

Kempen in 2018:  €37 billion of transactions executed As a result of our versatile service offering, Kempen Corporate Finance achieved a record year in revenues having successfully advised on 38 M&A, ECM and Debt Advisory transactions with a volume of €37 billion. Against the backdrop of the capital markets the center of gravity has shifted to M&A, including public take-overs. More than half of these transactions were international cross-border transactions. Despite the increased public market volatility we have been able...

By Michael Bahar, Frank Nolan and Ali Jessani Europe’s General Data Protection Regulation (GDPR) fell like a meteor, sending waves of enhanced privacy legislation to distant shores. The tidal wave first came ashore in the US when, in June 2018, the California Consumer Privacy Act (CCPA) was passed. The CCPA’s sweeping privacy protections borrow heavily from GDPR principles and, like its European counterpart, have an ambitious extraterritorial reach which will cause companies around the world to undertake significant compliance efforts.  Three...

Cybersecurity threats defy national borders. Businesses offer goods and services to individuals worldwide, and the cyber attacks against those organizations is not limited geographically.  The recent introduction of mandatory breach reporting in Canada should be of interest to organizations worldwide.  For example, a breach involving a U.S. based organization might give rise to reporting and notification obligations in Canada, as well as litigation (including class actions) in Canada. Beyond the potential regulatory fines (which are admittedly minor in comparison to...

By Len Adams | ACG Resources There has been much hype recently about artificial intelligence and its application to the future of work. Artificial Intelligence (AI) is being touted as the wave of the future. While I do agree that AI has a place in the no too distant workplace, I do not believe that it will be a threat. Yes, some functions may change or be eliminated,  similar to the advent of the computer many years ago. What will happen...

By the Government of Canada In the face of global economic challenges, the Government of Canada is continuing to make investments in projects to help innovative companies grow, including start-ups, to create well-paying middle-class jobs and to ensure Canada punches above its weight in a competitive global market. Recently, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced an investment of $25 million in the Creative Destruction Lab (CDL), a non-profit organization based at the University of Toronto that merges science-based projects...