For any organisation grappling with the acquisition and deployment of AI, the global legal and regulatory framework governing its use remains a real challenge. We provide 10 key insights on the issues around AI that GCs need to consider in 2024.
- Ensure Your Legal Team and Key Stakeholders Are Educated on AI Risks and Regulation
- Understand What Is and Not AI and the Related Terms of Art
- Apply Existing Laws and Regulations
- AI Is Top of Mind for Lawmakers and Regulators Around the World
- Develop a Global AI Governance Policy and Framework
- Conduct Risk and Impact Assessments
- Contracting Related to the Use of AI Technology Is Particularly Thorny Because of the Newness of Most AI Technology and the Rapidly Evolving Legal Landscape
- Consider Cybersecurity and Incident Response
- Consider Data Subject Rights
- Treat AI Governance as a Business Imperative and Compliance Imperative