Five key contractual considerations when using generative AI in your business

Artificial intelligence (AI) is evolving at a phenomenal speed. Early adopters across industries, whether in retail, healthcare, financial services will have first opportunities to harness the potential benefits, whilst businesses which do not embrace this pioneering technology risk to be left behind. Despite the potential magnitude of benefits which may be culminated through the adoption of generative AI, implications for incorporating generative AI tools in your business must be carefully considered.

This article highlights high level issues you ought to consider when planning your generative AI strategy. In particular, we have reviewed terms and conditions published by select generative AI platforms and tools and summarised the contractual considerations that should be taken into account when engaging with a generative AI platform. The terms referred to in this article represent the version which was reviewed by us. These terms may have been updated subsequent