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ARTICLE · 28 JULY 2025

Contracts To Manage AI Risk (Bermuda)

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This is the first of a two-part article on how artificial intelligence contracts can be used to manage the development and use risks associated with such transformative technology.

BermudaTechnology
Duncan Card
Duncan Card
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This is the first of a two-part article on how artificial intelligence contracts can be used to manage the development and use risks associated with such transformative technology.

All transformational technology is fraught with risk. However, when it comes to AI, Elon Musk said “we are communing with the devil”.

As a commercial lawyer, I like to think that fables about contracts with the devil exist because contracts are the ultimate risk management tool.

Regulators around the world, including the Bermuda Monetary Authority, fully appreciate the importance of using contracts to mitigate, if not avoid, the risks associated with the development and use of transformative technologies.

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