11 Odia Kagan, Fox Rothschild: “The privacy and AI regulatory and enforcement scene in the U.S. is fast growing and becoming more complicated. When coming to the U.S., you are increasingly facing multiple overlapping and complex laws that are hard for companies to sift through. What works for you in Israel, or even in the EU, is, in many cases, not sufficient in the U.S. The regulation of AI has made this even more the case, as companies onboard AI features and vendors, which can create or increase risks for their operations. In addition, there is often the risk of private right of action and even complaints from competitors. In New York, obligations for businesses have also increased in complexity. Here are some examples: If you use biometrics in your retail establishment, you need to provide a specific notice.If you are an employer and use AI in connection with hiring, you are subject to a number of obligations, including disclosure and a third-party audit. If you process information of individuals under 18, the New York Child Data Protection Act puts strict limitations on the nature of the use, and it needs to be ‘strictly necessary’ for the purpose. If you process health data, with the entry into force of the New York Health Information Privacy Act, you will need specific permission to use health information. With these changes, the assumption that used to be true to a large extent – namely, that you are under the radar and can deal with your privacy compliance later – is no longer true in many cases, as regulators are ramping up enforcement and joining forces to coordinate multistate action. Consumers and business clients are also becoming increasingly demanding and sophisticated. This is leading companies to turn to expert advice and to sort out their data and AI governance at an earlier stage.” Real Estate, Hybrid Work and Capital Flows New York’s commercial real estate market – often a focal point for Israeli capital – is also in flux, shaped by hybrid work patterns and valuation pressures that any new administration will inherit. What does the shift in commercial real estate and hybrid work mean for Israeli businesses expanding into New York? Lee Weiss, Sheppard Mullin: "Recent changes in real estate and work culture present both opportunities and challenges for Israeli businesses expanding
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