AI and Disruptive Technology

Artificial Intelligence (AI), blockchain, Internet of Things (IoT), and other disruptive technologies are transforming business conditions and creating opportunities for entirely new business models. These technologies also present a number of legal challenges in areas such as data protection, intellectual property rights, marketing and consumer law, competition law, and industry-specific regulations, such as MedTech and FinTech.

Great opportunities, high risks

AI is on the rise, and on August 1, 2024, the European AI Act came into force, with its application being gradually phased in over the next two years. AI has a wide range of applications, including business analytics, customer service, finance, HR & recruitment, IT security, and regulatory compliance, such as anti-money laundering controls. Consequently, one can expect increased use of AI systems and models. AI offers vast opportunities for efficiency and improvement but also entails significant risks related to the technology, its misuse, and application which may result in high sanction fees and reputational damage. Thus, it is crucial to act proactively, in a structured and holistic manner, to maximize the value of AI implementation while identifying and managing risks.

Since 2023, Cirio has been working with AI both externally and internally. We offer legal expertise in this and other related areas to assist our clients in navigating the complex legal landscape and achieve their business objectives.

Are you ready for AI? Let’s find out!

Read more about what we can offer, such as our AI Readiness Scanner, and we welcome you to try our AI Readiness Indicator to quickly gain insights into your AI readiness and maturity.