Key Issues To Consider When Investing In Or Contracting With AI Businesses

While many types of AI have existed in some form for several years, the new generation of sophisticated AI solutions, especially generative AI ("GenAI"), has driven a rise in AI use cases, including tools to create and debug software code, mint collections of blockchain-based NFTs and produce other content, automate responses to customer queries via chatbots (and create help center scripts), summarize customer reviews and datasets, screen resumes and analyze video interviews, and produce real-time translations, among others. This session, "Key Issues to Consider When Investing In or Contracting With AI Businesses," addresses legal and practical concerns for businesses that are seeking to procure AI systems or invest in AI business, or, on the other hand, AI businesses seeking to provide their software to the market and prepare for further investment. The key question for organizations can be boiled down to: Is there anything to keep in mind when contracting for AI