ARTICLE
27 April 2023

AI Technology – Governance And Risk Management: Why Your Employee Policies And Third-Party Contracts Should Be Updated

SM
Sheppard Mullin Richter & Hampton

Contributor

Sheppard Mullin is a full service Global 100 firm with over 1,000 attorneys in 16 offices located in the United States, Europe and Asia. Since 1927, companies have turned to Sheppard Mullin to handle corporate and technology matters, high stakes litigation and complex financial transactions. In the US, the firm’s clients include more than half of the Fortune 100.
Use of AI technology can impact your rights and liabilities in ways that may not even occur to you.
United States Technology
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Use of AI technology can impact your rights and liabilities in ways that may not even occur to you. And whether you are aware of it or not, your employees and vendors may be using generative AI tools in the performance of their duties in ways that can significantly impact you. The FTC has made clear that ignorance is not bliss when it comes to your liability associated with use of these tools. That is why it is more important now than ever to factor these AI technology legal implications into your company's governance and risk management, including by updating your employee policies and third-party agreements. This article provides a non-exhaustive list of examples of legal issues that are implicated by the use of this powerful technology and practice tips for risk management.

Click here to read more.

To hear more about generative AI, listen to our recent podcast episode, Legit Ledger Episode 19: Copyright Issues with Generative AI with Jim Gatto and Yasamin Parsafar.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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