Our lawyers…
Are regulators…
It seems…
There is a clear call for more regulation of AI from the respondents to the survey and it is consistent across all regions globally and functions from board level to CTOs and bankers. In this short video, Baker McKenzie experts share insights on why this is and where new regulation or legislation should focus.
Existing regulatory frameworks were not designed with AI / Machine Learning in mind and the coverage is not ideal.
44 % of survey respondents felt that their businesses did not fully understand the legal risks associated with AI.