Description

Summary

In this episode of the AI Pathfinder for Private Equity podcast, Steve Budd and Eleanor Hobson discuss the growing liability concerns surrounding AI technologies, particularly for mid-market companies. They explore the risks associated with GenAI, the challenges in contractual agreements, and the implications of the EU AI Act. Eleanor provides insights on how portfolio companies can mitigate risks and emphasises the importance of AI literacy and compliance in navigating this evolving landscape. The conversation highlights the need for a strategic approach to AI adoption and the potential future trends in the industry.

Takeaways

• AI is not just an opportunity; it also brings significant liability
• Mid-market companies are feeling squeezed between AI providers and customer demands
• Generative AI tools create a complex risk landscape for businesses
• Contractual obligations are shifting, placing more risk on AI users
• The EU AI Act introduces new expectations for documentation and compliance
• AI literacy is essential for both providers and customers

Links

Kemp IT Law website

Eleanor Hobson on on LinkedIn

AI Pathfinder Private Equity AI Strategy Meet-ups:

https://www.aipathfinder.co/ai-strategy-day
https://www.aipathfinder.co/breakfast-briefings

Have a question or would like to suggest improvements, please contact steve@aipathfinder.co