Artificial Intelligence, or AI, represents technology that seeks to emulate intelligent human behaviors and automate sophisticated tasks traditionally done by humans. This technology has already changed our lives in many ways. AI has empowered automated cars, virtual salesmen, face-recognition software, and assisted legal research.
To be sure, AI’s capability to improve human lives is endless. In fact, CNBC recently reported on the Accenture study that found AI could boost world productivity by 40 percent in 2035 based on data from twelve major countries. It also found that such technology could improve U.S. economic growth from 2.6 percent to 4.6 percent by 2035.
Accenture released the study in the same day a consortium of tech giants – Microsoft, Amazon, Facebook, IBM and Alphabet, represented by its Google and DeepMind divisions – came together and launched the Partnership on Artificial Intelligence to Benefit People and Society. This non-profit partnership aims to explore the practical and ethical impacts of AI in society. Given that these tech giants also represent industry leaders in AI research, this Partnership will undoubtedly play an important role in shaping AI policy in the future.
Earlier this year, the White House Office of Science and Technology Policy also launched an initiative to determine how best to prepare ourselves for the future of AI. President Obama himself spoke at the government-hosted event on entrepreneurship, where participants actively discussed AI and its future impact.
Mudd Law will continue to expand its analysis and reporting of the foregoing initiatives and AI technology.
Editorial Note: Where possible, Mudd Law provides its law clerks with the opportunity to write and comment upon issues relevant to the firm and its practice. We are pleased to have Hung Pham contribute this article in what the firm hopes will become a series on issues related to AI.
Mudd Law positions itself at the peak horizon of certain advanced technologies, including AI, such that it can provide its clients with advanced assessment of developing policy and legal issues. If you need a lawyer for AI-related issues , contact us at 773-588-5410, schedule a consult, or email us at Chicago@muddlaw.com.