Why AI Contract Negotiations Are So Challenging

Cute robot setting contract on fire

AI is revolutionizing industries, but its contracts can be a minefield. In this video, we’ll delve into the key challenges faced when negotiating AI software contracts.

Key topics covered:

  • AI Bias: Understanding the risks and how to address them in your contract.
  • Limitation of Liability: Protecting your business from potential damages and losses.
  • Indemnification: Ensuring proper compensation for breaches of contract or intellectual property infringement.

Learn how to navigate these complex issues and draft effective AI contracts that safeguard your interests.

Can ChatGPT Write Contracts?

The last several months have been pivotal for AI chat technology. Not only is it getting better, it is becoming very accessible to everyday users.

I have been testing Chat GPT and Google’s Bard to see if they could actually help make my real procurement job easier, and I would say the answer is yes.

This video documents several requests I made of both services and I will let you know which one I think is best as of April 2023.

Intellectual Property vs. Artificial Intelligence

Artificial intelligence (AI) is having a moment.

Tools like Dall-E and ChatGPT are scrubbing the internet and producing AI-generated artwork, scripts, and stories.

Not only is the creative community upset, there are ramifications in the business word. Some courts are ruling that AI-generated content cannot be copywritten.

This could have a major impact on corporate intellectual property policies and impede the ability to implement AI tools.

Here are some articles on the topic:
(1) The Verge – The Scary Truth About AI Copyright
(2) Falcon, Rappaport, & Berkman – Exploring the Legal Minefield of ChatGPT
(3) CBR – AI-Created Comic Could Be Deemed Ineligible for Copyright Protection

Farewell IBM Watson Health

The Wall Street Journal recently reported that IBM is looking to potentially sell the Watson Health Platform (consisting of AI and companies like Merge, Truven, Explorys, and Phytel).

Why did something so promising end up becoming a failure for the company?

This video explores the ups and downs of Watson Health:

News You Can Use: 5/29/2019

  • How work became the millennial religion of choice

    According to Jobvite’s annual Job Seeker Nation survey, 42% of American workers define themselves by the jobs they perform and/or the companies they work for, and that number rises to 45% among those under the age of 40. Furthermore, of the 42% who say that they define themselves through their work, 65% say it’s “very important” to who they are as people.

    “We have spiritual lives, we have physical lives, we like to have intellectual stimuli in our lives, we have our communities and our families and friends; humans are complex, and to have a really healthy balance, it requires all of those components,” says Rachel Bitte, Jobvite’s chief people officer. “Expecting all of that to come from your work could be an unrealistic expectation.”

    https://www.fastcompany.com/90350861/how-work-became-the-millennial-religion-of-choice

  • Diverse Workplaces Generate 19 Percent More Revenue Than Less Diverse Competitors

    Other tactics that La Mendola took to task for organizing multicultural teams included pinpointing personalities. By identifying the types of personalities on a team, from Type A taskmasters to creative working out-of-the-box types, you’ll begin to understand how to best approach the team as a whole.

    For a more laid back crowd, La Mendola recommends establishing a laissez-faire work environment–humor helps, too. In a multicultural environment that is more serious and straightforward, keep the crew on task for the best results. This is how La Mendola is able to manage a team of engineers from around the world and is also key to dealing with a multigenerational employee group.

    https://www.entrepreneur.com/article/333873

  • How AI will liberate doctors from keyboards and basements
  • How Silicon Valley gamed Europe’s privacy rules

    Smaller firms — whose fortunes were of special concern to the framers of the region’s privacy revamp — also have suffered from the relatively high compliance costs and the perception, at least among some investors, that they can’t compete with Silicon Valley’s biggest names.

    “Big companies like Facebook are 10 steps ahead of everyone else, and 100 steps ahead of regulators,” declared Paul-Olivier Dehaye, a privacy expert who helped uncover Facebook’s Cambridge Analytica scandal. “There are very big questions about what they’re doing.”

    The patchy record of Europe’s data protection overhaul — on the one-year anniversary of its implementation — has given industry an opportunity to blunt similar efforts outside the European Union to emulate the region’s new privacy rules.

    https://www.politico.eu/article/europe-data-protection-gdpr-general-data-protection-regulation-facebook-google/