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Gartner has identified six critical areas where the use of large language models such as ChatGPT can present legal or compliance risks that enterprise organizations must be aware of — or face potentially dire consequences. Organizations should consider what guardrails to put in place in order to ensure responsible use of these tools, the research firm advised.
Legal and Compliance Leaders Should Assess Their Organizations’ Exposure to These Risks and Build Appropriate Measures to Steer Responsible Use of ChatGPT
Using AI may inadvertently publicise confidential business data, among others
Using AI may inadvertently publicise confidential business data, among others
The Big Four bogeyman has haunted the U.S. legal market for years. Like any good horror movie villain, it’s shrouded in mystery. We don’t know when it’s coming, or exactly what will go down, but we know that a four-headed monster of Deloitte, EY, KPMG and PwC is coming after all of the legal work. And it might get really gory. This is not the forum to unpack the web of ethics rules that currently prohibit accounting firms from practicing U.S. law. (Although it’s worth noting that as of January, Arizona allows nonlawyers to co-own law firms and legal service operations, theoretically p...