Technology and Law
[“In a scenario where an algorithm can take autonomous decision, then who should be responsible for these decisions?” Milan-based corporate lawyer Stefania Lucchetti said]. My interview in Politico's article on the introduction of a concept of legal personality for artificial intelligence. This conversation has come of age, and while we do not yet have all …
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What are the implications of the GDPR from a practical point of view both from the legal side and the technical side? Aside from the obvious duty to be compliant, my view is that an appropriate data protection structure and responsibility line is not just an IT issue or a legal issue but …
Continue reading "Data Protection as a Corporate Governance Issue"
On 1st March 2018 Stefania Lucchetti was a speaker at a Forbes Italia ForbesLive event during the Quant International Workshop (quantitative & asset management) in Venice, Italy. The focus of Stefania's panel was on the future of financial services in the age of Fintech. The topics addressed during the presentation included the legal issues related to …
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The legal market is welcoming (and fearing) the introduction of Artificial Intelligence (AI) in due diligence processes. AI will liberate junior lawyers from the often tedious (and necessarily error prone) work of cataloguing contract information, and at the same time will take work away from law firms and lawyers. We are of the idea however …
Continue reading "Due Diligence: Welcome AI, but Keep the Human Element"
A great piece on Scientific American (see Is Art Created by AI Really Art) on the philosophical implications as well as the economic ones of AI produced art jokingly raises a provocative question at the end of the article "When an AI-composed song wins the Grammy, who gets the trophy"? This is actually a complex legal …
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Italian crowdfunding legislation could be a useful platform and starting point to think about ICO regulation
Over the past months, the cryptocurrency market has remained in the spotlight not only for the fluctuations in the major coins' interest rates (Bitcoin, Ethereum), but also for the emergence and consolidation of a new way of raising capital in the digital token world: Initial Coin Offerings (ICOs). The reason leading to the launch of …
Digital token sales are creating a gold rush on the web, with a token sale advertised every day in digital circles and social media and the movement - in some cases - of huge sums of money. Token sales still move in international waters from a legal and regulatory point of view, however international regulators …
Continue reading "Token Sales and ICOs: why and when you need legal advice"
Artificial Intelligence means many things at many levels. The most advanced form of Artificial Intelligence - or AGI (Artificial General Intelligence) - may not come to happen for a few years (or decades). However entrepreneurs, investors and board members need to be aware of what it is, what it could be, which changes it could …
On 17 July Estonian legal tech Agrello went public with a cryptocurrency-based crowdfunding campaign structured as a token sale. Leaving aside the issues raised by token sales which will the the subject of a separate post, it is interesting to explore the value proposition of Agrello's business, which is a legal tech aiming to change …
The first time I visited Kenya and Tanzania it was at the beginning of year 2008 and I was surprised to see how countries with no phone lines had bypassed the need for infrastructure with mobile connection which was at times more widespread than in rural areas of Asia or even Europe. Several years went …
On 12 June, Magic Circle firm Slaughter and May jointly with ASI Data Science published a white paper (the "Paper") titled Superhuman Resources - Responsible Deployment of AI in Business , dedicated to exploring the benefits, risks and potential vulnerabilities of AI. The Paper is well written, well researched and very interesting and I strongly recommend to read …
Continue reading "Do the risks of AI derive from AI being more human than we think?"