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.

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Our commentary on:

Governance

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

  • The board says we need an AI strategy. How do we start?
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  • What’s new with artificial intelligence regulation in Canada and abroad?
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  • Can HR use AI to recruit, manage and evaluate employees?
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  • Are AI transactions different from traditional tech deals?
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  • Does the age of generative AI challenge corporate sustainability targets?
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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.

  • What should be included in my organization’s AI policy?: A data governance checklist
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  • A sword and a shield: AI’s dual-natured role in cybersecurity
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  • Does AI have patent and copyright ownership?
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  • Is it real or is it Memorex? Does AI threaten IP?
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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.

  • What do AI’s massive data needs mean for the future of power development?
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  • Will AI replace my physician? Navigating the legal and regulatory landscape of AI in healthcare
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  • Automating professional services: how AI is shaping the next generation of diligence and deals, with Nick Kato
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  • AI in financial services: are consumers better protected, or more at risk?
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  • Who is responsible when AI causes harm? AI and product liability
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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.

  • Opportunity costs: Artificial intelligence in the legal industry, with Michaël Hassan
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  • How will AI change my practice?
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  • Is AI judging me? Canadian courts and AI
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  • I, Robot-Reviewer? Generative AI and the future of eDiscovery
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  • Rules for AI tools: how can legal teams source suitable tech?
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  • What are the new best practices for AI for legal teams?
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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

Past Editions

Quarterly
Q3 | Summer 2024: U.S. business and the 2024 election
 
Jul 24, 2024
Quarterly
Q2 | Spring 2024: The governance issue
 
May 30, 2024
Quarterly
Q1 | Winter 2024: 2024 outlook: Canadian innovators and investors look ahead
 
Jan 16, 2024

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