Author(s):
Simon Hodgett, Sam Ip
Dec 11, 2023
Without question, during the past year, Canada has witnessed remarkable and radical change in the artificial intelligence (AI) sector, with the emergence and unprecedented speed of adoption of generative AI technologies. The rapid adoption has been accompanied by a wave of legislative and regulatory activity that has the potential to dramatically affect the use and adoption of AI and related technologies.
Revolutionary technology and regulatory changes present challenges for businesses. AI offers benefits to businesses, but also brings new risks. Leadership teams need to ensure accountability regarding the use of AI, including by implementing appropriate policies and procedures. Understanding intellectual property risk and protection is key. At the same time, organizations need to take practical steps to address risks associated with AI, including through robust compliance programs, transparency around the use of AI within the organization and the adoption of ethical standards and codes of conduct...
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