Containing Risk and Seizing Opportunity: The In-house Lawyer’s Guide to Artificial Intelligence
The rise of artificial intelligence (“AI”) and automated systems will be one of the defining developments of the 21st century. No industry will be untouched and AI is already driving tectonic shifts in sectors ranging from transportation to consumer technology to healthcare to financial services and insurance.
In this Paper, we outline critical considerations within some of the key legal verticals: data privacy and cybersecurity; intellectual property (“IP”) and trade secrets; fintech and financial services; employment law; trade controls; and AI governance, safety, ethics, and related litigation risks.
As lawyers, we should lean into this innovation as we protect our clients against risks that are profound and even unprecedented.
The legal landscape, and practitioners, will need to adjust to these new technologies—and quickly. Deals are happening now. Regulators are bringing enforcement now. Consumers, patients, and applicants for jobs and loans are being impacted by AI now. Facial recognition, autonomous vehicles, computer vision, augmented reality, and robotics aren’t coming soon; they’re already here.