Artificial intelligence (AI) and automation are continually changing the way we do business. Organizations across all industries and sectors are deploying machine learning and NLP (natural language processing) technologies to automate processes in almost every part of their operation. For businesses, AI means improving efficiencies, amplifying productivity, and reducing cost. But while there are many advantages, AI also presents a wide range of legal challenges – especially in areas such as regulatory compliance, liability, risk, privacy, and ethics.
To compound matters, regulation of AI is slow to develop, leaving businesses with no choice but to navigate the unknown. The by-product of this will inevitably be an increasing number of disputes concerning AI. These will pose novel and challenging issues - even for lawyers!
While there has already been some significant case law in relation to issues like data privacy1, personal injuries, and product liability, there has been relatively little treatment of the contractual liability that can arise in relation to AI.
This article is the first in a three-part series where we will take a closer look at the contractual implications of AI, and how it can give rise to legal liability by exposing businesses to financial and reputational risk.
Read the full article at the link below.