Q4 | Torys Quarterly • Fall 2024
Machine capital: mapping AI risk

AI is changing business. Read our commentary on the legal and business impacts of AI across markets and industries.

Faire défiler

Governance

As more companies integrate AI into their operations, leaders must adapt their risk management strategies to keep pace with emerging regulations and practices.

Organizations need to understand what they are buying, what can happen if things go wrong and have a clear framework of accountability if they do.
— Are AI transactions different from traditional tech deals?

Data management

AI systems are built for scale and automation, and require clear frameworks for data management, privacy and security. As these technologies scale up, so do the challenges.

The traditional telltale signs of phishing are becoming increasingly obsolete as generative AI becomes more convincing at impersonating colleagues, friends and family members.
— A sword and a shield: AI’s dual-natured role in cybersecurity

Industry focus

Emerging tech innovations will continue to set the pace of change across industries, shaping everything from operations to liability.

Who assumes responsibility if AI makes an error? This issue is compounded by the fact that AI tools that make autonomous decisions could appear to practice medicine without a medical license.
— Will AI replace my physician? Navigating the legal and regulatory landscape of AI in healthcare

AI for the legal profession

AI is here to stay, but it remains to be seen how much it will transform (and inform) the practice of law.

The use of Gen AI in court proceedings made headlines earlier this year when a lawyer referred to cases “hallucinated” by ChatGPT in a notice of application.
— Is AI judging me? Canadian courts and AI

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