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ARTICLE · 13 MAY 2024

AI Glossary For Business Professionals: Defining AI Tools And Associated Legal Risks

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From machine learning algorithms that predict consumer behaviour to natural language processing systems that assist in contract analysis, artificial intelligence ("AI") is reshaping the way professionals approach their work.

CanadaPrivacy
Alexandra Mitretodis
Alexandra Mitretodis
Raylene Smith
Raylene Smith
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From machine learning algorithms that predict consumer behaviour to natural language processing systems that assist in contract analysis, artificial intelligence ("AI") is reshaping the way professionals approach their work. Whether you're negotiating tech-centric contracts, litigating cases involving AI, or integrating AI into your business strategy, this glossary can serve as a guide to the terminology and concepts of AI, demystifying the jargon.

Deep Learning

Definition: a subfield of machine learning (defined below) that uses neural networks (defined below) with multiple layers to process complex patterns and large amounts of data.

Business Applications: fraud detection in financial transactions, customer behaviour prediction for targeted marketing campaigns, recommendation systems for personalized product suggestions, and image recognition.

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