Research Handbook on the Law of Artificial Intelligence
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Research Handbook on the Law of Artificial Intelligence

Edited by Woodrow Barfield and Ugo Pagallo

The field of artificial intelligence (AI) has made tremendous advances in the last two decades, but as smart as AI is now, it is getting smarter and becoming more autonomous. This raises a host of challenges to current legal doctrine, including whether AI/algorithms should count as ‘speech’, whether AI should be regulated under antitrust and criminal law statutes, and whether AI should be considered as an agent under agency law or be held responsible for injuries under tort law. This book contains chapters from US and international law scholars on the role of law in an age of increasingly smart AI, addressing these and other issues that are critical to the evolution of the field.
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Chapter 25: Robots in the boardroom: artificial intelligence and corporate law

Florian Möslein

Abstract

Due to its rapid technological development, artificial intelligence will enter corporate boardrooms in the very near future. This chapter explores the interplay between artificial intelligence and corporate law, and analyzes how the two fit together. Do current corporate law rules match the challenges posed by artificial intelligence, or do they need to be adapted? More specifically, the paper focuses on the directors of corporations. We consider the extent to which human directors should be allowed—or required—to rely on artificial intelligence. Moreover, technology will probably soon offer the possibility of artificial intelligence not only supporting directors, but even replacing them. Another question is therefore whether or not such a replacement is legally admissible. At any rate, the legal strategies currently adopted by corporate law are tailored to human directors. The chapter tests whether those strategies would still be suitable for boardrooms filled with robo-directors. It concludes that corporate law is highly relevant for the use of artificial intelligence in corporations, but that it will also need to be adapted to the challenges posed by this technology. In that sense, the interplay between artificial intelligence and corporate law promises to be dynamic in both directions.

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