The AI Hype: Let's talk about Actual Intelligence

The rapid development of generative AI technology has raised regulatory questions regarding its use, especially in the legal world which is extremely rules-driven. Ethical considerations and governance are crucial, particularly when it comes to the potential for misuse. There is a need for a thoughtful AI strategy that involves careful planning and consideration of various factors such as data collection and management, use case prioritization, proper oversight, and stakeholder communication across the entire organization, in order to mitigate potential risks and unlock maximum opportunity.