‘Managing Corporations’ Risk in Adopting AI: A Corporate Responsibility Paradigm’

“Accelerating developments are being observed in machine learning (ML) technology as the capacities for data capture and ever-increasing computer processing power have significantly improved. This is a branch of artificial intelligence technology that is not ‘deterministic’, but rather one that programs the machine to ‘learn’ from patterns and data in order to arrive at outcomes, such as in predictive analytics. Companies are increasingly exploring the adoption of ML technologies in various aspects of their business models, as successful adopters have seen marked revenue growth …” (more)

[Iris H-Y Chiu and Ernest Lim, Oxford Business Law Blog, 19 April]

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