Adapting to the Digital Transformation
Abstract
Society is undergoing a digital transformation as artificial intelligence (AI) and other technologies are developed to optimize decision-making and operational performance. This trend is particularly prevalent in the energy industry. The legal considerations of AI in the context of contract law, tort law, and regulatory law present unique challenges for lawyers attempting to advise on appropriate risk-management strategies. The current state of the law, and the different jurisdictional approaches to AI, demonstrate that how these legal challenges are addressed may have significant impacts on the risks and rewards realizable through AI. The rapid evolution of AI and its complex nature may hinder the effectiveness of societal institutions charged with legislating, regulating, and applying the law to AI-related matters.
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