Beyond COVID-19: Crisis response or road to recovery?
Crisis response or road to recovery?
Both incumbent and start-up technology vendors are offering new and innovative AI-enabled products and services.
Businesses in a wide range of industry sectors are pursuing AI strategies.
AI is now firmly on the Board agenda and revenue spend in the AI market is expected to be worth more than US$46 billion by 2020.
Software can make “decisions” when specified criteria are satisfied (for example, “buy” and “sell” decisions); and humans can use AI to help improve the quality of their own decision-making. Unlike other software, however, AI can make decisions autonomously without any human involvement.
AI has huge potential to bring accuracy, efficiencies, cost savings and speed to a whole range of formerly human activities and to provide entirely new insights into market and customer behaviour. It has the capability to transform businesses and the services and products they offer.
A decision to adopt AI can raise fundamental ethical and moral issues for society. These complex issues are of vital importance to our future, but they are not typically the domain of lawyers.
Our site focuses on the more granulars ethical and related legal risks that need to be managed by a business developing or using AI in whatever industry sector it occupies. As legal responsibility is a subset of moral (or ethical) responsibility, for AI to gain acceptance and be trusted in a given sector, a business will need to take into account the ethical considerations and the legal factors that flow from them.
As the global aviation industry looks towards post-pandemic recovery and less turbulent skies, it is the topic of decarbonisation that is increasingly top of everyone’s agenda. There have been a number of eye-catching announcements around the world in recent weeks, from United Airlines announcing its intention to purchase 100 electric aircraft, an increased focus on the use of sustainable aviation fuel (SAF) from several airlines, and Korean Air utilising the green bond markets.
© Norton Rose Fulbright LLP 2021