AI washing
AI washing occurs when companies claim to be using artificial intelligence (AI) technology to enhance their services but, in fact, are not.
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technology
algorithm
An algorithm is a set of rules or a computational procedure that is typically used to solve a specific problem. In the case of Vidillion, Inc. v.
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artificial intelligence (AI)
According to 15 U.S. Code § 9401, artificial intelligence is defined as “a machine-based system that can, for a given set of human-defined objectives, make predictions, recommendations or decisions influencing real or virtual environments.”
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blockchain
A blockchain is a cryptographically secured ledger. According to the United States District Court Southern District of New York in SEC v. Binance Holdings Limited, a blockchain uses cryptographically secured technologies to ensure the security of the recording and validating of cryptocurrency transactions.
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Child Online Privacy Act
The Child Online Privacy Act concerns internet privacy for children. It was passed in 1998 and codified at 15 U.S.C. § 6501-6506.
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Commerce Control List
In the interest of U.S.
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communications
Communications law is primarily related to the regulation of computer telecommunications, cable, internet, as well as radio and television broadcasting. The federal government has largely governed broadcasting because by its nature, broadcasting transcends state boundaries.
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computer and internet fraud
Computer and internet fraud entails the criminal use of a computer or the Internet and can take many different forms. While some argue that “hacking” is a neutral term (see United States v.
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consensus mechanism
In the context of blockchains, a consensus mechanism refers to the standard that governs the manner of adding, changing, or deleting information to or from a blockchain that is agreed upon by all its members. When there is a consensus in a blockchain, there will be a newly created block attached to the existing chain. All participants of the blockchain will receive an update regarding the new block. With a consensus mechanism, a blockchain offers transparency and security.
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convertible virtual currency (CVC)
Convertible virtual currency (CVC) is a category of virtual currency. One subcategory of CVC is cryptocurrency. The key lies in its convertibility. Both the IRS and FinCEN have defined CVC in two dimensions:
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