Mitigating Legal Risks of Artificial Intelligence: Best Practices for Counsel

The increased popularity and integration of AI results in the inevitable flow of legal risks. The most glaring liability concerns include the need to ensure that software providers preserve confidentiality, adhere to regulatory requirements, and limit the risk of errors.

AI significantly affects legal, HR, health and other environments where its use evolves rapidly, and startups focus AI applications to collect, organize and manage large amounts of data more efficiently. As with any emerging technology, counsel must thoughtfully consider the legal ramifications of AI.

Acquiring knowledge of the legal risks of AI, methods to ensure compliance with applicable laws and regulations, issues associated with cross-border dealings, and best practices in managing transactions involving AI-based systems mitigates an organization’s legal risks, claims and sanctions.

Listen as our panel discusses the complex rules and regulations associated with the use of AI, minimizing liability in transactions, and methods to ensure effective data governance.

1. Practical uses and applications of AI raising concerns for corporate counsel
2. Fiduciary expectations, legal risks and challenges associated with the use of AI
3. Transactions involving AI based systems and methods to reduce liability

The panel will review these and other critical issues:

• Practical applications of AI that raising complex legal issues for organizations
• Laws and regulations associated with AI
• Liability exposure and best practices in handling transactions involving AI
• Best practices for contracts involving AI based systems