Track 1: [Panel Discussion] When AI meets law: Understanding the risks in order to fully embrace the opportunities AI brings to businesses

About

AI’s potential to revolutionise everything comes with some serious risks businesses need to consider. While regulation in the area is still being developed, companies are trying to figure out how to embrace AI and the opportunities and risks it brings. This session looks at some of the legal concerns around AI, including the emerging regulation and how in-house lawyers can create guardrails for their businesses:
• What are the main concerns about generative AI?
• the risks associated with using opensource software
• Are law firms using ChatGPT and thus potentially exposing your data?
• The role of ethics in achieving the right balance between personalisation and privacy in AI

• Understanding the IP issues and threats arising, and how you can protect your business
• Debating ownership when using generative AI and understanding who owns the generated content