Ashley Pusey, left, and Joshua Mooney, right, of Kennedys. Courtesy photos Is AI Right for Your Company? Four Things General Counsel Should Consider
This article addresses four factors in-house counsel should consider when assessing AI procurement. The use of these factors should result in a more precise evaluation of the costs and efficiencies of the proposed AI in question, as well as improved risk mitigation, regulatory compliance, and long-term benefits.
January 17, 2024 at 09:09 AM
6 minute read
Cybersecurity
Everyone uses artificial intelligence (AI). AI is used in the mundane—to unlock our phones, to decide what movie to stream next, to identify a song or artist, or adjust the thermostat. As authors, we used it to spellcheck this article. We also are witnessing its advanced capabilities in cutting-edge manners in cybersecurity, health care, finance and other industries. It is emerging in legal services, too. AI can be an effective tool to streamline business procedures. However, there are costs that extend well beyond monetary considerations.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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