Source: Legal IT Insider
Dentons’ ‘Laws of AI Traction’ report offers a forward-looking legal perspective on how organisations can close the gap between AI ambition and action.
Business leaders forecast massive gains from AI but are delaying implementation due to the ‘ambiguity trap’ created by a changing and fragmented legal and regulatory landscape, a report from global law firm Dentons finds.
According to Dentons’ survey, the majority of organisations expect to be spending significantly more on AI in three years’ time than in the next 12 months, and also predict the technology will be a markedly greater contributor to revenue by the same time horizon.
“AI is near the top of every boardroom agenda, but there is a significant gap between ambition and action,” said Dentons’ UK, Ireland and Middle East CEO Paul Jarvis.
“‘AI Traction’, which we distinguish as clear strategic thinking and effective risk management by implementing a robust governance framework, can support positive and progressive AI adoption, unlocking the many benefits this technology promises.”
Read the full article: https://legaltechnology.com/2024/11/04/dentons-report-ai-investment-trapped-by-regulatory-uncertainty/
