Partners Ken Kumayama and William Ridgway and associate Brian O’Connor highlight the need to observe existing AI-related laws and regulations, especially concerning data privacy, even though new AI-specific laws are forthcoming. The authors discuss why businesses should:
- Scrutinize how such tools will collect and use data and obtain any appropriate consents required to use that data.
- Consider the requirements for appropriate privacy protections and indemnification for potential violations of privacy laws if contracting with AI providers.
- Develop and implement a rigorous vendor diligence process for AI providers before creating any dependencies on their products.
Copyright 2023 Bloomberg Industry Group, Inc. (800-372-1033) Reproduced with permission. Artificial Intelligence Tools: Privacy Pitfalls.