Bogdan Gecić, Founding Partner at Gecić Law, was invited by the prestigious directory The Legal 500 to discuss the legal aspects of Artificial Intelligence (AI) in an article titled “Rise of the Machines: Shaping the Legal Response to AI’s Rapid Expansion,” published on Legal Business.
The article discusses the rapid expansion of AI and its implications. Bogdan argues that the legal world is on the cusp of a major transformation driven by AI technology and explores its benefits, including improved efficiency, accuracy, and reduced costs. He also acknowledges the potential risks and ethical concerns associated with AI, such as data privacy, bias, and loss of jobs, suggesting that the legal world must prepare for the future by adopting a proactive approach to AI, including investing in research and development, training their staff, and collaborating with other stakeholders. Bogdan concludes that AI has the potential to revolutionize the legal industry, but its impact will depend on how well it is managed and regulated:
“The growing calls for AI regulation from lawmakers and technologists underscore the urgent need to address the rapidly expanding influence of AI on our societies. As the potential negative impacts of AI, such as job displacement, the dissemination of disinformation, and the risks associated with the development of AGI, become increasingly apparent, it is crucial to accelerate regulatory efforts. While regulatory initiatives are emerging at the state level in the US and Europe, the relentless drive for innovation and efficiency propels companies to adopt AI, amplifying the risks associated with its widespread use. Now more than ever, it is imperative to strike the right balance between regulation and innovation, ensuring that AI’s transformative potential is harnessed responsibly while mitigating the inherent risks accompanying its exponential growth, including the possible emergence of AGI.”
To read the full article, please click here.
