AIs

The Growing Concern: Legal Experts, Regulators, and CEOs Sound the Alarm on AI’s Risks to Global Economy and Society

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San Francisco, California – The concerns around artificial intelligence (AI) have expanded beyond Silicon Valley and are now reaching the legal system, global business gatherings, and top Wall Street regulators. Recent reports have highlighted the potential risks and dangers associated with AI, raising alarm bells among various sectors. The Financial Industry Regulatory Authority (FINRA), a self-regulator of the securities industry, recently classified AI as an “emerging risk.” Additionally, the World Economic Forum (WEF) conducted a survey during its annual conference in Davos, Switzerland, revealing that AI-driven misinformation is the most significant near-term threat to the … Read more

AI’s Limitations Revealed: Don’t Rely on It as Your Legal Counsel

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Washington, DC – Artificial Intelligence (AI) may possess numerous capabilities, but acting as a legal aid is not one of them. With the growth of technology, it is important to acknowledge that AI cannot provide legal advice or advocate for individuals in court. AI is increasingly being utilized across various sectors, including healthcare, finance, and transportation. However, its limitations must be understood. Despite its ability to process large amounts of data and identify patterns, AI lacks the human judgement and critical thinking skills necessary for legal practice. Legal professionals play a crucial role in analyzing … Read more