Credit: Andrey Popov/Adobe Stock;AIAs: A Look At the Future of AI-Related Contracts
AI’s rapid market proliferation and regulatory expansion mirrors privacy’s, and businesses should model their contractual AI compliance on the successes of privacy law’s DPA and BAA.
January 31, 2025 at 09:28 AM
11 minute read
What You Need to Know
- While the law has struggled to keep pace with the rise and notoriety of generative AI technologies, this boom has caught the attention of legislators and regulators.
- Discoverable but unknown risks in using AI may expose a business to various avenues of liability.
- As AI systems continue to proliferate all aspects of business, it’s time to think through the risks associated with the use of AI.
By Tyler Thompson and Abigail Walker
The rise and notoriety of generative artificial intelligence technologies created a boom in artificial intelligence (AI) technologies of all kinds. Businesses raced to either roll out their own AI systems or find AI vendors to integrate the technology into their operations. While the law has struggled to keep pace, this boom has caught the attention of legislators and regulators. For example, substantive provisions of the European Union’s AI Act will come into force on Feb. 1, 2025, and the Colorado state legislature passed a landmark AI bill that comes into effect in February of 2026. Existing laws also implicate AI, such as in the privacy, intellectual property, and employment spaces.
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