Showing posts with label AI risks and benefits. Show all posts
Showing posts with label AI risks and benefits. Show all posts

Wednesday, September 24, 2025

AI as Intellectual Property: A Strategic Framework for the Legal Profession; JD Supra, September 18, 2025

co-authors:James E. Malackowski and Eric T. Carnick , JD Supra; AI as Intellectual Property: A Strategic Framework for the Legal Profession

"The artificial intelligence revolution presents the legal profession with its most significant practice development opportunity since the emergence of the internet. AI spending across hardware, software, and services reached $279.22 billion in 2024 and is projected to grow at a compound annual growth rate of 35.9% through 2030, reaching $1.8 trillion.[i] AI is rapidly enabling unprecedented efficiencies, insights, and capabilities in industry. The innovations underlying these benefits are often the result of protectable intellectual property (IP) assets. The ability to raise capital and achieve higher valuations can often be traced back to such IP. According to data from Carta, startups categorized as AI companies raised approximately one-third of total venture funding in 2024. Looking only at late-stage funding (Series E+), almost half (48%) of total capital raised went to AI companies.[ii]Organizations that implement strategic AI IP management can realize significant financial benefits.

At the same time, AI-driven enhancements have introduced profound industry risks, e.g., disruption of traditional business models; job displacement and labor market reductions; ethical and responsible AI concerns; security, regulatory, and compliance challenges; and potentially, in more extreme scenarios, broad catastrophic economic consequences. Such risks are exacerbated by the tremendous pace of AI development and adoption, in some cases surpassing societal understanding and regulatory frameworks. According to McKinsey, 78% of respondents say their organizations use AI in at least one business function, up

from 72% in early 2024 and 55% a year earlier.[iii]

This duality—AI as both a catalyst and a disruptor—is now a feature of the modern global economy. There is an urgent need for legal frameworks that can protect AI innovation, facilitate the proper commercial development and deployment of AI-related IP, and navigate the risks and challenges posed by this new technology. Legal professionals who embrace AI as IP™ will benefit from this duality. Early indicators suggest significant advantages for legal practitioners who develop specialized AI as IP expertise, while traditional IP practices may face commoditization pressures."

Saturday, September 13, 2025

A.I.’s Prophet of Doom Wants to Shut It All Down; The New York Times, September 12, 2025

 , The New York Times; A.I.’s Prophet of Doom Wants to Shut It All Down

"The first time I met Eliezer Yudkowsky, he said there was a 99.5 percent chance that A.I. was going to kill me.

I didn’t take it personally. Mr. Yudkowsky, 46, is the founder of the Machine Intelligence Research Institute, a Berkeley-based nonprofit that studies risks from advanced artificial intelligence.

For the last two decades, he has been Silicon Valley’s version of a doomsday preacher — telling anyone who will listen that building powerful A.I. systems is a terrible idea, one that will end in disaster.

That is also the message of Mr. Yudkowsky’s new book, “If Anyone Builds It, Everyone Dies.” The book, co-written with MIRI’s president, Nate Soares, is a distilled, mass-market version of the case they have been making to A.I. insiders for years.

Their goal is to stop the development of A.I. — and the stakes, they say, are existential...

And what about the good things that A.I. can do? Wouldn’t shutting down A.I. development also mean delaying cures for diseases, A.I. tutors for students and other benefits?

“We totally acknowledge the good effects,” he replied. “Yep, these things could be great tutors. Yep, these things sure could be useful in drug discovery. Is that worth exterminating all life on Earth? No.”"

Saturday, June 29, 2024

GenAI in focus: Understanding the latest trends and considerations; Thomson Reuters, June 27, 2024

Thomson Reuters; GenAI in focus: Understanding the latest trends and considerations

"Legal professionals, whether they work for law firms, corporate legal departments, government, or in risk and fraud, have generally positive perceptions of generative AI (GenAI). According to the professionals surveyed in the Thomson Reuters Institute’s 2024 GenAI in Professional Services report, 85% of law firm and corporate attorneys, 77% of government legal practitioners, and 82% of corporate risk professionals believe that GenAI can be applied to industry work.  

But should it be applied? There, those positive perceptions softened a bit, with 51% of law firm respondents, 60% of corporate legal practitioners, 62% of corporate risk professionals, and 40% of government legal respondents saying yes.  

In short, professionals’ perceptions of AI include concerns and interest in its capabilities. Those concerns include the ethics of AI usage and mitigating related risks. These are important considerations. But they don’t need to keep professionals from benefiting from all that GenAI can do. Professionals can minimize many of the potential risks by becoming familiar with responsible AI practices."

Wednesday, June 5, 2024

Will A.I. Be a Creator or a Destroyer of Worlds?; The New York Times, June 5, 2024

 Thomas B. Edsall, The New York Times ; Will A.I. Be a Creator or a Destroyer of Worlds?

"The advent of A.I. — artificial intelligence — is spurring curiosity and fear. Will A.I. be a creator or a destroyer of worlds?"