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ARTICLE · 08 NOVEMBER 2024

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Navigating The Artificial Intelligence Landscape: What Businesses Need To Know

Conn Kavanaugh Rosenthal Peisch & Ford LLP
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Artificial Intelligence ("AI") generated a tremendous amount of excitement in 2023 as businesses rushed to build use cases and deploy AI tools throughout their organizations.

United StatesTechnology
Derek J. Schaffner
Derek J. Schaffner
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Artificial Intelligence ("AI") generated a tremendous amount of excitement in 2023 as businesses rushed to build use cases and deploy AI tools throughout their organizations. AI has evolved from a futuristic concept into a transformative force across various industries. While the term "Artificial Intelligence" is credited to a Dartmouth College computer scientist who coined the term in 1955, there is still great confusion on exactly what is AI. The term has been used to describe a wide range of technology from chatbots to self-driving vehicles. Generally, AI is technology that allows computers to accomplish things that otherwise require human intelligence when performed by people. Understanding AI's implications, benefits, and legal considerations is crucial for business to leverage its potential while mitigating risks. This article aims to demystify AI, highlight its applications, and outline essential legal considerations to help you navigate this dynamic landscape.

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