Artificial Intelligence

By Kit Burden and Harry Jefferies

Alongside blockchain and, more recently, augmented reality and edge computing, artificial intelligence, AI, is another technology buzzword that is working its way into the business world. So what is AI?  Simply put, it is the ambition to use machines to undertake decision making-based processes
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Compliments of our colleague Imran Syed, Legal Director, IPT London.

As a new era of artificial intelligence (AI) technologies emerges, companies in almost every industry are exploring how they can use AI to drive improvements to their business. After all, the commercial gains are tantalizing, offering businesses a better understanding of their operations and their customers than ever before, as well opportunities for significant cost reduction and quality improvement.

Yet harnessing the benefits of these transformative technologies does not come without risk, particularly when compared with the risks generated by more human modes of failure.  Errors in AI solutions can scale more quickly. AI may exhibit bias that discriminates against certain classes of individuals. Indeed, a broad array of ethical considerations may arise from use of AI that may impact the workforce, customers and society at large.

In any business, the board of directors is ultimately responsible for the management of risk. It is the board members who will need to make informed decisions about the deployment of AI technologies, balancing these risks against potential benefits.  This is a key theme of the recent report published by the Institute of Business Ethics (IBE), which explores in detail the challenges faced by the board when coming to grips with AI in its business.[1]

In this article, we explore top areas of focus for boards that aim to harness the opportunities offered by AI in a responsible and controlled way.
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Artificial intelligence is growing dramatically – it is not just a household word but a key part of many households, and it is also increasingly essential to business.

What do we see in the near term for AI?  How can businesses exploit potential AI-limiting legal issues? Is the AI the new electricity?

Here are our top three predictions on the future of AI and IoT.
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A properly trained special-purpose AI can be a wonderful thing. AI systems have already displayed super-human performance in many fields, from diagnosing specific medical conditions, to spotting fraudulent transactions, or identifying infringing content amongst the fire-hose of social media.

These systems tend to rely upon some form of neural-network based
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OpenAI, the research organisation co-founded by Elon Musk, has made history by creating artificial intelligence-based bots that can play and compete as a team in one of the most complicated strategy games in esports. They’ve even beaten the current reigning champions.

It may seem like a foregone conclusion that computer
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Sitting at 36,000 feet over the Atlantic writing this article, I’m unusually aware of the traditional use of the phrase “black box”: an aircraft’s flight data recorder, there to let investigators understand what went awry should the worst happen. It seems odd that a device whose purpose is to provide
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