AI Governance: Practical AI Advice for In-House Counsel

Key strategic role and risks of Artificial Intelligence (AI) in the modern business landscape discussed by Mayukh Sircar at Ward and Smith’s annual In-House Counsel seminar.
Overview of different types of AI, from automation to newer forms like Agentic AI.
Emphasis on the legal risks associated with Generative AI, such as Intellectual Property (IP) infringements and data privacy violations.
The intricate evolution and complexity of global AI regulations, especially the European AI Act, UK’s context-based approach, China’s state-driven regulations, and varying US state laws.
Common regulatory principles emerging worldwide, including transparency, fairness, non-discrimination, accountability, and human oversight.
Importance of benchmarking AI governance against the most stringent standard to navigate regulatory dissonance.
Highlight on legal risks like jurisdictional compliance, intellectual property issues, data privacy and confidentiality, algorithmic biases, and contractual liabilities in AI use.
Emphasis on the necessity for legal teams to vet information provided by AI tools to uphold professional ethical standards.

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