Anna Gressel, Counsel at Paul, Weiss, discusses legal exposure and risks in AI legislation. They explore changing regulations, EU's leadership, and risks of generative AI. Strategies to mitigate risks, impact on legal profession, and challenges of large language models.
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Quick takeaways
Understanding what regulators are concerned about and what they aim to regulate in the AI ecosystem is crucial for businesses.
The EU AI Act plays a significant role in shaping global AI regulation, setting the tone for other countries to consider their own regulations.
Deep dives
Legal exposure and risk posed by AI legislation
The podcast episode discusses the legal exposure and risk posed by AI legislation worldwide. It highlights the emergence of an AI technology stack, including generative AI and large language models. The discussion emphasizes the importance of understanding what regulators are thinking about regulating and why they are concerned. The podcast also explores the concept of regulating the entire AI ecosystem, not just individual models, and the need to regulate AI governance from a societal perspective.
Regulatory landscape and EU AI Act
The episode focuses on the regulatory landscape and the important role played by the EU in shaping AI regulation. It mentions the EU AI Act, which is risk-based and includes prohibitions on certain uses and regulations for higher risk AI use cases. The podcast highlights the significance of the EU AI Act in setting the tone for AI regulation globally. It also mentions other countries, such as China, Singapore, and Vietnam, that are also considering AI regulations.
Business considerations and legal risks
The podcast explores the business considerations and legal risks associated with generative AI and large language models. It discusses the importance of data security, proprietary information, and the risk of erroneous outputs. The conversation highlights the need for companies to adopt policies and procedures, train employees, and have technical solutions in place to mitigate risks. The episode also mentions the evolving nature of the technology and the need for companies to adapt their strategies as the market matures.
Today’s guest is Anna Gressel, Counsel at Paul, Weiss. Paul, Weiss (short for Paul, Weiss, Rifkind, Wharton & Garrison LLP) is a law firm based in New York City with over 1,000 lawyers on staff. Previously, Anna served as Senior Associate at Debevoise & Plimpton. She joins us on the program today to discuss the legal exposure and risk posed by AI legislation across the world. Given how many sectors are on the cusp of AI proliferation in the advent of generative AI and large language models, Anna offers advice on the best way for business leaders to start thinking about these problems and the difference in legal exposure between kinds of organizations. If you’re interested in unlocking our AI best practice guides, frameworks for AI ROI, and specific resources for AI consultants, visit emerj.com/p1.
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