White & Case Technology Newsflash
Enterprises around the world are rapidly incorporating
artificial intelligence (AI) into existing and new products and
processes. This effort is not just to improve such offerings and
services, but to achieve a qualitatively higher level of capability
not possible before. It is clear that AI carries the potential
for many new opportunities, across all industries, but it is also
already recognized that it brings numerous risks as well. As
with any technology, senior management and board directors need to
be aware of both the opportunity and the risk in order to
successfully and responsibly manage the enterprise. The
opportunities are great—AI can assist in robotic process
automation (RPA), machine learning, natural language processing,
finding new drugs and therapies, and will be essential for
driverless transportation—but if the risks are downplayed or
overlooked, there can be serious reputational and/or legal
consequences.
