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

George Maliha; Sara Gerke; Ravi B. Parikh; I. Glenn Cohen

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

George Maliha, Sara Gerke, Ravi B. Parikh, I. Glenn Cohen

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English (US)
Journal	Harvard Business Review
State	Published - 2021
Externally published	Yes

Keywords

Artificial Intelligence
Liability

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

abstract = "The existing liability system in the United States and other countries can{\textquoteright}t handle the risks relation to AI. That{\textquoteright}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. ",

keywords = "Artificial Intelligence, Liability",

author = "George Maliha and Sara Gerke and Parikh, {Ravi B.} and Cohen, {I. Glenn}",

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language = "English (US)",

journal = "Harvard Business Review",

issn = "0017-8012",

publisher = "Harvard Business School Publishing",

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T1 - To Spur Growth in AI, We Need a New Approach to Legal Liability

AU - Maliha, George

AU - Gerke, Sara

AU - Parikh, Ravi B.

AU - Cohen, I. Glenn

PY - 2021

Y1 - 2021

N2 - 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.

AB - 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.

KW - Artificial Intelligence

KW - Liability

UR - https://ssrn.com/abstract=4189181

M3 - Article

SN - 0017-8012

JO - Harvard Business Review

JF - Harvard Business Review

ER -

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

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