To Spur Growth in AI, We Need a New Approach to Legal Liability

Image: MirageC / Getty Images. Article by George Maliha, Sara Gerke, Ravi B. Parikh, and I. Glenn Cohen. Harvard Business Review – July 13, 2021.

Summary. The existing liability system in the United States and other countries can’t handle the risks relation to AI. That’s a problem because it will slow AI innovation and adoption. The answer is to revamp the system, which involves revising standards of care, changing who compensates parties when inevitable accidents occur via insurance and indemnity; changing default liability options; creating new adjudicators; and revamping regulations to prevent mistakes and exempt certain kinds of liability. […]

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