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ARTICLE · 20 NOVEMBER 2024

Disclosure Requirements Under The Colorado AI Act And Contracting

Venable LLP
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Want to learn more about drafting, negotiating, and understanding intellectual property and technology contracts and have 10 minutes to spare? Grab your morning coffee or afternoon tea...

United StatesTechnology
Armand Zottola
Armand Zottola
Benjamin J. Myers
Benjamin J. Myers

Want to learn more about drafting, negotiating, and understanding intellectual property and technology contracts and have 10 minutes to spare? Grab your morning coffee or afternoon tea and dig into our Tech Contract Quick Bytes—small servings of technical contract insights expertly prepared by our seasoned attorneys. This month, we're serving up a discussion on the Colorado AI Act.

In the second quarter of 2024, Colorado governor Jared Polis signed the Colorado Artificial Intelligence Act (CAIA), legislation regulating "high-risk" systems of artificial intelligence. In general, when the law goes into effect in 2026, it will impose internal governance and disclosure/reporting requirements on companies that develop or use AI systems in making decisions susceptible to algorithmic discrimination, such as when those systems are used in employment, lending, and housing services.

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