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ARTICLE · 12 JANUARY 2024

AI Is A Board Issue: Perspectives From Belgium

Osborne Clarke LLP
Osborne Clarke LLP
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Osborne Clarke LLP

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How should boards of directors approach the risks and opportunities of AI.

BelgiumTechnology
Benjamin Docquir
Benjamin Docquir
Hadrien Chef
Hadrien Chef
Violette Keppenne
Violette Keppenne
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How should boards of directors approach the risks and opportunities of AI?

Artificial intelligence (AI) is a focus of rapidly developing activity in all sectors of the economy and at all points in the supply chain. The accessibility of advanced generative AI tools presents a significant opportunity for businesses to enhance efficiency and productivity across sectors. As boardrooms explore ways to leverage these opportunities, they need to be aware of potential risks.

Businesses that are looking to seize AI opportunities will then need to manage legal risks. They will need to understand what AI is and how it works, as well as the pitfalls and current legal framework in order to implement their effective AI-based solutions. In essence, the added value of AI for businesses lies in simplifying tasks that are difficult for humans but can be translated into mathematical principles that can be easily executed by a computer.

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