Source: Lexology

Lexology offers a detailed guide for corporate legal teams on how to manage the multifaceted risks associated with integrating generative AI into business processes. The article emphasizes that traditional risk management strategies must be updated to account for the unpredictable nature of AI outputs. It provides a framework for conducting AI impact assessments that cover everything from intellectual property ownership to potential algorithmic bias that could lead to labor law violations.

The analysis also addresses the complexity of data scraping and the legal liabilities involved in using public data for training commercial models. It suggests that companies should develop clear internal policies regarding the use of AI tools by employees to prevent accidental leaks of confidential information. Furthermore, the piece highlights the importance of contractual indemnity when purchasing AI software from third-party vendors. As the legal landscape matures, Lexology advises that transparency and ethical oversight will become key competitive advantages for firms operating in the digital market.