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

Sheppard Mullin Richter & Hampton LLP
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AI technology is a powerful tool and “with great power comes great responsibility.” Use of AI technology can give rise to various forms of liability that may not even occur to you. And use of generative AI impacts not only your liabilities but also your rights.

If you are developing or using products that use AI technology, it is important to understand the legal implications and factor them into your governance and risk management policies as soon as possible, if you have not yet done so. And even if you do not use or develop AI-driven products as a company, whether known or unknown to you, it is likely you have employees or vendors who are using generative AI tools in the performance of their duties...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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